Italians and Company Descend on London Property Market

The Italians are heading to the UK. A latest London property report reveals that Italians have replaced Russians as the biggest financial investor group, something that hasn’t occurred in several years.

The data shows that despite the 11% rise in London property prices over the last year, sale volumes are at an astounding 85%. With all the recent real-estate developments around the UK, researchers have expressed surprise that supply has not been able to keep up with demand. It is clear however, that Central London has captivated real-estate investors. The sustained growth that has occurred since 2009 hasn’t showed any intentions of flatlining.

Regents Park estate agents have commented on the recent boom and its effect on house-owner’s attitudes and their desire to profit from the recent price hike. Prime Marylebone property has recently become available, with surges of house-owners putting their houses on the market. They are increasingly finding security in foreign cash flow, with overseas clientele flocking to the streets of London to buy real-estate. Considered a secure asset, the purchases being made by the Italians and the Russians showcase the health of the London property market.

Taiwan Buyers Have Their Eye on Luxury London Residential Property

Purchasing power in its scarcity is a very lucrative commodity in 2012. Spotting the potential in Taiwanese consumers, real-estate agents have taken to dangling Luxury London residential property in the Taiwan market.

Labelling a London residential property as luxurious is not determined by the properties size but by its location, overall design and the reputability of the developer. The London residential property market services are currently catering luxury apartments specifically for expatriates who are looking to spend their time and money in London.

With buying power in a similar range to that of Hong Kong and Singapore, Taiwan markets are receiving international attention. The allure of the Asian consumer and their demand for affluent real estate recently enticed British brokers to Tapei on a travelling exhibition that started on the 20^th of February. Focal point at the exhibition was given to apartments in a 24-floor tower in London’s South Bank area, close to Regents park property. The assembly of the pavilion is currently in motion, with 40 units already sold. Construction is set to be finished before the commencement of the Olympic Games in the summer.  Clever management of London residential property is being well coordinated by real estate agents who have spotted the gap in the property market.

High Global Demand for Commercial Property in London

London is the location of choice for multinational corporations looking to establish a presence in the European market. In fact, the British Council for Offices reports that many large international companies will only look at commercial property options in central London. Executives at BCO say that a growing number of business leaders feel that only commercial properties in the UK capital can meet their specific requirements.

This is great news for central London estate agents, and hardly surprising considering the quality of commercial properties in the city of London. New developments in the capital, such as the Heron tower and The Shard at London Bridge, have become some of the most sought-after commercial London buildings. Despite its reputation as the most expensive place in the world to lease commercial property, London’s West End continues to attract businesses from all over the globe.

International Investment in London Property Surprises Experts

Investing in London property has always been a safe bet for both domestic and international buyers. While the property market in the rest of the UK, and indeed the world, experienced a noticeable decline in the number of sales, central London property remained popular amongst buyers. Its growth continues to exceed expectations with values having risen by 2.8% since the beginning of the year.

Top Predictions for London’s Property Market in 2011

The spring and summer seasons are usually the busiest for London’s property market with the activity during this time setting the trend for the year ahead. In the spring of 2010 the UK property market saw a 15% increase in transactions concluded than in the previous quarter. So what is forecast for the UK property market this year?

Prime property market shifts to Notting Hill and Chelsea

Prime property for sale

Kensington, Knightsbridge and property for sale in Soho may still be considered prime property in London, but one of the biggest advantages of the recession, at least as far as central London estate agents are concerned, is that the boundaries of prime property locations have shifted to include Notting Hill, Wandsworth Common and Battersea Park.

In 2007, Savills created a property league table that showed the extended prime property areas and top of the list was Notting Hill, and while many in the property industry thought that its position on the table would be temporary, two years on and it looks more promising than ever.

One of the reasons for the burgeoning popularity of previously ‘sub-prime’ property is that buyers are looking for more value for money and this includes proximity to work, schools and open spaces as well as transport links.  Basically, priorities have changed and according to Yolande Barnes, Savills director of research, people don’t want to buy property simply because it’s near to family or friends.