12 Mar

'Business as usual' in London market

'Business as usual' in London market

Investors still remain confident in the condition of the housing market in London, according to new research from Young Group.

The Young Index claimed that 86 per cent of investors think prices in the capital will rise or stay flat in the next year, while 50 per cent of them will look to make investments there in the coming 12 months.

Chief executive at Young Group Neil Young stated that there is a greater demand for rental accommodation because of the recent economic turbulence.

And he added that values in London are "cushioned" from the blow being seen elsewhere in the UK because there is still strong demand.

"Dealing with property and land agents, mortgage lenders and the major banks on a daily basis, it is clear that London stands apart from the UK as a whole and almost without exception, the sector is focusing on the capital. It is very much business as usual," he commented.

Your Move also recently stated that the buy-to-let sector in the UK is currently operating well.ADNFCR-1222-ID-18506492-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.