23 Apr

Sales of prime London properties 'will continue to be strong'

Sales of prime London properties 'will continue to be strong'

Heightened levels of activity in the market for prime homes in the capital are likely to continue over the coming months, it has been suggested.

According to Naomi Heaton, chief executive of London Central Portfolio, property for sale in London will remain an attractive prospect for many.

She cited currency fluctuations and the forthcoming Olympics in 2012 as two factors contributing to the trend.

Ms Heaton remarked: "Our experience is that foreign buyers are a key driver in the market place and the sterling devaluation has made entering the market over 30 per cent cheaper for [some people]."

The expert added that there is still an opportunity for investors to take tactical advantage of the market.

Her comments follow the release last month of figures from Knight Frank, which revealed that prime property sales in the city were at their highest level since the peak of the market in 2007.

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