International purchasers are still showing an insatiable appetite for the London property market according to latest reports, despite a surge in UK housing prices. Recently released figures from the Office of National Statistics show housing values in England rose in the last year by 9.7%, driven predominantly by rises in London of 17.7%- meaning that property prices in England have soared to past their pre-financial crisis peak of January 2008. This dramatic increase however has not deterred overseas investors who continue to target the superprime London market, viewing it as a safe-haven for their money due primarily to its low level of volatility and relative independence from the domestic market. Since prices in prime Central London are set by supply [or lack of], as well high demand from international buyers, market experts are declaring price rises of up to 30% annually, meaning London’s appeal to the international purchaser continues to grow.
If you are looking to sell, 1 S T A S S E T can help you take advantage of this buoyant market to achieve the best price possible for your prime Central London property. For further information or to arrange a free, no obligation valuation, please do not hesitate to contact 1 S T A S S E T’s sales team today.
If you are looking to buy in superprime London, 1 S T A S S E T have a great selection of luxury on and off market properties, as well as the expertise to guide you through the buying process from viewings to conveyancing to move in. To find the London superprime property truly suited to your needs, please contact 1 S T A S S E T at your convenience. Our international team are conversant in several languages including French and Farsi and are delighted to help the international purchaser navigate the superprime property market discreetly and knowledgeably.
Source: http://www.ons.gov.uk/ons/rel/hpi/house-price-index/february-2014/stb-february-2014.html; http://www.opp-connect.com/16/04/2014/london-still-calling-overseas-property-buyers/