Friday, 26 March 2010

London Property Prices Break New Records

The London property market is going from strength to strength it seems with property price increases of 2.4% this month, bringing average property values in prime London locations to £2.2 million - a new record!

Even with property stock levels rising by 63% over the last 12 months and 8% since February, foreign and UK property investors are becoming increasingly attracted by the variety of property investments available.

Plus supported by a weakening pound and low appetising interest rates, now more than ever appears to be the perfect time to climb onto the property ladder and invest…

And these property price increases seem to be evident across all prime London locations:

  • Prime Platinum (the top 10% of the market by value) is now worth £1 million more at £3.2 million compared to this time last year
  • Kensington and Chelsea saw property price increases of 3% this month – 3.2% for the whole year
  • Prime property values for London as a whole are now under £1.1 million and just under £1.6 million for Prime Platinum
  • Examining this evidence it is easy to see why property investors with the cash to invest in property are quickly jumping onto the property market and investing like crazy.

With property owners reacting too slowly to new property supplies, there are plenty of quality property investments to go around…

Original Article

More About the Author

Image of Jatinder Singh Jatinder Singh, Property Mentor Delegate
After years of watching others earn large capital gains from property, I knew reading about this niche wasn't enough to satisfy my curiosity, I needed to get MY slice of this strong investment vehicle too. That was x years ago and since then I have managed to: invest in 2 properties (one with a £60,000 saving); earn consistent £1,000+ monthly cash flows, and have got a couple more properties waiting in the pipeline. Read more

1 comment:

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