News
Market Comment
February 18, 2011
The prime central London market looks set to continue to outperform mainstream markets this year. Strong demand from overseas buyers has led to increased values for newly developed luxury apartments which are now similar to their 2007 peak. We expect this overseas equity to continue to flow into central London particularly for higher value houses and apartments and increase the polarisation within the UK market.
We do not believe that the recovery will be entirely smooth and concern remains about global economic conditions especially within the Eurozone. However that very uncertainty is currently driving demand into London as it maintains its safe haven status.
We expect the rental market to remain strong with stock shortages and demand from corporate tenants and relocation agents driving up rents.
