London Property to Rise 20-30% Over Next 2-3 Years - Report
An interesting report on Citywire claims that property prices in London may rise significantly in the next couple of years due to property's correlation to the pound on the foreign exchange market.
Their claim - that property prices in Kensington and Chelsea stood an 80% chance of an 18-20% rise in value by 2011 is unprovable, but nevertheless reassuring for many buyers.
Chard estate agents in London have been unseasonably busy with overseas buyers taking advantage of sterling's decline in value coincident to a fall in property prices in London from their 2007 peak. Prices are rising again - as reported elsewhere in this blog and by other estate agents covering central and west London.
If we are to believe the economists, now may be a great time to invest in London property for sale, in particular in "staid" and mature areas like South Kensington, Holland Park, Notting Hill, Bayswater, Chelsea and Kensington favored by overseas investors.
Their claim - that property prices in Kensington and Chelsea stood an 80% chance of an 18-20% rise in value by 2011 is unprovable, but nevertheless reassuring for many buyers.
Chard estate agents in London have been unseasonably busy with overseas buyers taking advantage of sterling's decline in value coincident to a fall in property prices in London from their 2007 peak. Prices are rising again - as reported elsewhere in this blog and by other estate agents covering central and west London.
If we are to believe the economists, now may be a great time to invest in London property for sale, in particular in "staid" and mature areas like South Kensington, Holland Park, Notting Hill, Bayswater, Chelsea and Kensington favored by overseas investors.
posted by Barry Manners @ 11:37 PM
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