Central London property market boosted by supply shortage and overseas buyers | Europe | News
The prime central London property market is set to benefit from modest 2 to 3% growth in 2012 as elsewhere in the UK prices fall by around 3%, according to analysts.
Overseas buyers now make up 20% of all buyers in the prime London market, helping boost sales, but greater London will be slower with annualised average growth of 2% over the next five years.
The prime central London market is seeing persistent demand in the current global economic and financial instability, while supply levels are close to an historic low as home owners and investors sit on prime assets, according to the Residential Property Forecasts report from Cluttons covering the second quarter of 2012.
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Great blog on Central London property market. Thanks for sharing it.
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