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WEST END APARTMENTS IN HIGH DEMAND

Posted on Jul 15, 2011 | 0 comments

There has been a notable increase in demand for apartments in the West End and Bloomsbury in the last 3 months.

The West End residential market has benefitted from the Sterling’s depreciation against other major overseas currencies, as well as the much upheaval in the Middle East, which has led to increased investments in what are know as “safe havens”. West End properties are at a record high as foreign money floods into the market and also the City bonuses recovered this year.

Now we have reached the summer market demand will also increase as parents of students at the many Central London Universities look to house their offspring and enter the West End market.

Confidence has also been boosted by the outstanding performance of the New Homes market, where units were sold off-plan and during construction to not only overseas investors but many UK-based buyers at premium prices. This price performance trickled down to the re-sale market, where prices have increased.

Along with all this demand supply seems to be at a real low with home owners holding back, fuelling even more increases in price. Overall across the West End, residential prices have increased by 6.5% during the first 6 months of 2011. This increase took prices in the West End above the levels achieved at the previous market peak in September 2007.

For further information on West End properties please contact Hurford Salvi Carr’s West End office –
Phin Twiselton on 020 7299 3322
phin.twiselton@h-s-c.co.uk
visit www.hurford-salvi-carr.co.uk