Savills, a well known estate agent from UK has many international investors. He says that London Property market is significantly increasing due to the interests shown by overseas speculators. Most of the buyers are from Russia, Italy, France, and the Middle East. The company is of the opinion that there is a recovery of London property market though banks impose certain tight criteria. The other agents like WA Ellis also report there is a high level of activity in recent months from international buyers. The London properties are particularly very popular with Asians and Middle Easterners and they believe that the capital city of UK would be a safe investment.
Since the last few months prime properties in Chelsea, Knightsbridge, and Belgravia have witnessed about twenty percent increase in price per square feet. Last year at this time the stock levels in London were very low, but now it is marginally increased. Majority believed there was no sale activity at all. Increased renewals and the adjustment of rents, price reductions occurred and after the credit crunch, the prices picked up the at the prime central London.
The order of the day is location such as around Hyde Park. If you have your property in a prime location of London, you would benefit from investing in housing market. The seller also should employ the marketing skill when demand comes from an international buyer, the average price will climb to the best price with quick sale. Invest in London, and enjoy the benefits!