9
Feb
London property prices to rise in 2012
Those with
property for sale in London will be facing a fine year in 2012,
as it is expected that the price of housing in the city will
increase.
Any increase is likely to be fuelled, according to Central London
Portfolio, by the fact that investors who currently have these
properties do not want to sell, while more are looking to come in
to take advantage of the prime location.
The fact that demand will be far higher than supply is likely then
to drive prices ever higher.
Naomi Heaton, chief executive of the company, said of investors
viewing a favourable market: "They will therefore hang on to their
real estate holdings. Meanwhile, investors outside the magic circle
will be seeking to get in, increasing demand and an upward pressure
on prices."
Any increase would be a continuation of the trend started in
January, when the prices for property in London rose by 0.9 per
cent, according to Knight Frank.