2 Mar

Prices rise for property for sale in London

Prices rise for property for sale in London

Buy-to-let investors with houses to rent in London could benefit from growing prices.

According to the Knight Frank index for prime central London property, prices for houses and flats in London grew by one per cent in February.

Annually, London property has see growth of eight per cent, which could mean more return on purchases made by buy-to-let investors.

The price of houses for sale in the capital has risen by 24 per cent since the post-credit crunch dip in March 2009.

Liam Bailey, head of Knight Frank residential research, said: "Prices have resumed their recovery, and in the four months to the end of February they rose by four per cent.

"The most important factor driving price growth has been growing demand for London property from international buyers."

Knight Frank reports that 61 different nationalities bought property for sale in the capital in the 12 months of the end of February 2011.

According to London Central Portfolio, interest in houses for sale in prime central London locations will be boosted by the 2012 Olympics.ADNFCR-1222-ID-800438614-ADNFCR

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