Central London remains good investment for professionals
Properties in central London are still selling well despite reports of price falls elsewhere, it has been revealed.
According to estate agent E A Shaw, the central London property market sales have remained "very strong" this year.
The property market has received much negative press recently, with confidence having fallen from 86 per cent to 48 per cent, according to research by Smith & Williamson for Your Mortgage.
Caroline Slocombe, sales manager at E A Shaw explained: "There is an acute lack of supply in Central London and as a result, even if a proportion of the demand drops slightly, demand will still outstrip supply."
Buy-to-let mortgages for professionals could also be an excellent investment, with rent also expected to continue to see rises in demand in the high-end central London property market.
Ms Slocombe continued: "I expect the lower end of the central London market - studios and one-bedrooms between £300,000 and £450,000 - will thrive next year, with prices continuing to increase albeit slower than this year's increase,"
"I predict that in 2008 rents will continue on an upward trend, increasing by a further ten to 15 per cent with the greatest increases on studios and one-bedrooms," she added.
According to estate agent E A Shaw, the central London property market sales have remained "very strong" this year.
The property market has received much negative press recently, with confidence having fallen from 86 per cent to 48 per cent, according to research by Smith & Williamson for Your Mortgage.
Caroline Slocombe, sales manager at E A Shaw explained: "There is an acute lack of supply in Central London and as a result, even if a proportion of the demand drops slightly, demand will still outstrip supply."
Buy-to-let mortgages for professionals could also be an excellent investment, with rent also expected to continue to see rises in demand in the high-end central London property market.
Ms Slocombe continued: "I expect the lower end of the central London market - studios and one-bedrooms between £300,000 and £450,000 - will thrive next year, with prices continuing to increase albeit slower than this year's increase,"
"I predict that in 2008 rents will continue on an upward trend, increasing by a further ten to 15 per cent with the greatest increases on studios and one-bedrooms," she added.
