London property expected to perform well throughout 2012
The property market in central London is set to perform
continuously well throughout 2012, as foreign homebuyers continue
to crave prime property in the capital.
Nigel Ellis, director at Prickett & Ellis, said that top-end
properties in London are now performing far better than they were
in the past because of the fact that they are desirable. It is also
the case that those at the top of the financial ladder are not as
badly affected by economic downturn.
"It is the central London area for the bigger money. I still think
that it is the multi-million pound places in central London that
are getting all of the attention."
It has also been said this week by Steven Herd, managing director
at MyLondonHome, that those who have properties for sale in areas
in South London are now seeing better prices because the area has a
better reputation than it did in the past.