25 Feb

Prime London properties remain popular investment options

Prime London properties remain popular investment options

Property investors in the UK are increasingly turning to London through their estate agents as the place to buy because of the fact it offers a consistency that is scarcely seen in any of the other top urban areas around the world.

In recent years, while prices for homes have fluctuated in the British market as a whole, London is the area which has continued to rise, seemingly impervious to conditions that affect other regions.

And now a report from Knight Frank has said that this has put prime property in the capital at the top of the ladder compared to other cities globally.

House prices in London have risen far faster than those in the likes of New York and Paris. Only Hong Kong, Beijing and Jakarta have seen greater growth compared to 2009 than the British capital, however, they are more volatile and likely to fluctuate, making the UK city one of the most-favourable options.

"Both Hong Kong and Singapore’s housing markets react dramatically in times of economic uncertainty and they saw prices plummet 50 per cent and 77 per cent respectively in one year, during the credit crunch. This compares with just 11% in prime central London," said the Knight Frank report.ADNFCR-1222-ID-801546317-ADNFCR

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