London estate agents Stirling Ackroyd give their reaction following positive news regarding London property prices.
(1888PressRelease) February 02, 2012 - London estate agents Stirling Ackroyd gave their reaction today to news that London property prices at a new latest high. Prices in the capital are still increasing despite slow or no growth seen in other parts of the UK.
There is no doubt that the London property market has benefited from tremendous overseas investment in recent times. Strong demand from investors across Europe and Asia has often outstripped available supply. In some areas pricing has recovered by 40% from March 2009. Total London property growth has been over 12% during the last year alone.
"There are many reasons behind the latest peak, foreign investors know that London is a safe place for their money since property law is very robust here. The city also has a justified worldwide reputation as one of the most vibrant and rewarding places to live. There are also excellent prospects for those in the buy-to-let sector, with rents continuing to rise against massive demand" said London estate agents Stirling Ackroyd.
Prices in the capital have now been widely reported as the fourth highest in the world, boosted by heavy investment in the luxury end of the market. There is also a strong pull to property hotspots in the east of the city, buoyed by the 'Olympics effect' from the forthcoming Games. Shoreditch and Hackney property have remained at the top of the list for many buyers, excited by the mix of period homes and state of the art new developments so close to the centre.
"The quality of the new developments in Hackney is second to none right now. Downs View includes not only luxury one and two bedroom apartments but family sized houses as well. It's ideally located for the Games, the West End and the new Westfield mall. The Arthaus on Richmond Road is in the heart of the borough, featuring both residents' and private terraces. Sky Apartments have stunning 10th floor views, a 24hour concierge and gymnasium, and a unique 'Artists Corner' onsite to bring a whole new dimension to the cultural experience that Hackney is so famous for. We also have sublime Hackney property set within beautiful period properties with gated security, porters, gardens, balconies and terraces.
Urswick Road is an award winning art-deco building with landscaped gardens, bespoke interiors and secure parking. Shoreditch property includes views of St Martins Church at St Martins Row and iconic period blocks like The Highway and Commercial Street. Between the quality and pricing, it really is an exciting time for London property. We're advising clients that the east of the city in particular is offering both lifestyle opportunities and the potential for solid growth"
For your personal property consultation call London estate agents Stirling Ackroyd on 020 7749 3807 for Hackney property or 020 7749 3838 for Shoreditch property. Available homes to buy in these areas plus Bankside, Clerkenwell, Hampstead & St Johns Wood and London property to rent can be viewed online at http://www.stirlingackroyd.com/