UK Business Property

The value of London property has remained high.

Britons seeking a potentially lucrative investment might wish to consider residential property in London, after it was revealed to have held its value in difficult circumstances.

London Central Portfolio has revealed that prices in the capital have risen in recent months, bucking the nationwide trend of declining values.

Indeed, some spots are particularly well off, with the boroughs of Kensington and Chelsea and the City of Westminster enjoying property price hikes of 26 per cent since February 2009.

"The world's super rich are viewing prime London residential property in much the same way as they do gold and there is limited supply of both," stated Naomi Heaton, chief executive officer at the organisation.

She added that there is significant demand from buyers in Hong Kong, Malaysia, Singapore, the Middle East and India.

Savills recently named London as one of ten worldwide locations that are particularly popular with billionaire property investors.

Posted by Darren Purse