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News: Foreign cash electrifies London

Thu, 13 Sep 07

Foreign investors continue to keep London’s property market strong...

The continued influx of foreign investors at the top end of London’s property market is maintaining the strong demand for the capital’s most expensive properties, while also continuing to drive up the value of the market...

Diane Howie, Director of The County Homesearch Company in London, comments on Savills’ findings of the high levels of foreign investment at the top end of London’s property market:

“We do not see a slow down in the property market for the foreseeable future and attribute this largely to the arrival of foreign money, which has no bearing on city bonuses. This has helped central London’s market to remain strong, while the rest of the UK appears to be showing signs of cooling off.

“London remains a highly desirable place to live offering some of the world’s most sought after water and parkside homes, as well as property in the heart of the city. London’s ‘villages’, such as Highgate and Dulwich, also remain a unique feature in the capital. Prime property is still in short supply and competition is fierce for the very best homes.”

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