London property is considered to be a safe haven for investors,
with a dramatic increase in the sales and letting market in March, particularly from buyers located in the Middle East.
Prime central London estate agent W A Ellis has reported a surge in demand from investors located in the region, with recent political instability, the tragic crisis in Japan and low sterling exchange rates believed to be behind the increase.
"As such, the Central London property market is attracting investment from all over the globe. This demand for property has led to an upsurge in prices and transactions over the last month," Richard Barber, partner and head of residential real estate at the firm, explained.
Mr Barber added that the impending increase in stamp duty
has also played a part in the higher transaction levels, with many buyers keen to complete deals before the April 5th deadline. However, he questioned whether this would lead to a tapering off of demand once the deadline passes.
Meanwhile, recent research from Colliers International has suggested that retail property in central London is one of the best investment options. The study found that retail is the most favoured asset by 64 per cent of investors.
- Tuesday 05 April 2011