5 Apr

London property expected to perform well throughout 2012

London property expected to perform well throughout 2012

The property market in central London is set to perform continuously well throughout 2012, as foreign homebuyers continue to crave prime property in the capital.

Nigel Ellis, director at Prickett & Ellis, said that top-end properties in London are now performing far better than they were in the past because of the fact that they are desirable. It is also the case that those at the top of the financial ladder are not as badly affected by economic downturn.

"It is the central London area for the bigger money. I still think that it is the multi-million pound places in central London that are getting all of the attention."

It has also been said this week by Steven Herd, managing director at MyLondonHome, that those who have properties for sale in areas in South London are now seeing better prices because the area has a better reputation than it did in the past.ADNFCR-1222-ID-801335330-ADNFCR

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