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28/04/2009
Prime central London property market 'picking up' |
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The prime central London property market is starting to recover ground as investors becoming interested in buying again, an expert has stated.
Senior partner at estate agency Prickett & Ellis Nigel Ellis commented that the sector is being bolstered not by first-time buyers but by investors, many of whom are wondering what to do with their money following the Budget and opting for property.
He commented: "People are returning to the safety of assets - solid assets - of which property is probably a nice one. The British like their bricks and mortar."
Mr Ellis commented that the "consensus" is that the bottom of the market has now passed.
Those needing help and advice on a residential property transaction in central London areas like Westminster can seek advice from a solicitor.
Recent figures from Knight Frank indicated that prime central London prices rose by 0.4 per cent this month, the first monthly increase in a year.
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