UK Business Property

There are many advantages to buying London homes.

People thinking of investing in residential property might be wise to narrow their search to London, as the city continues to outperform other areas of the UK.

Richard Barber, a partner in residential sales at estate agency firm WA Ellis, said that there is still a huge gap between the capital and other destinations.

Indeed, he noted that there is a "chasm", with London the only spot in the country to enjoy growth in house prices in the most recent Land Registry statistics.

"I believe that prices will plateau but we will continue to see a healthy level of transactions, particularly from investor buyers between £1.5 million and £3 million," Mr Barber stated.

He noted some significant purchases – such as 60 sales at the Candy's One Hyde Park development – have strengthened London's position in the market.

London Central Portfolio recently revealed statistics that showed the value of residential property in the city is reliable and steady.

Posted by Sarah Smith