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London Property Defies The Odds
Many property advisors may be adamant that the UK property market will enter into a year of static property prices during 2010; however others believe London is set to flourish in more ways than one.
Discussed during their property forecasts for the coming year, many property advisors felt that Central London will once again become the strongest property source in the country, bouncing back harder and faster than any other area.
Some on the other hand, are even going as far as to say that London property prices will hit similar highs of the property boom of 2007.
Looking at these figures it is pretty clear that London is a force unto itself…
Even when the credit crunch first hit, the London property market reacted differently to the rest of the UK (a fact that some would argue is because London works on a completely different economic cycle compared to everywhere else).
Densely filled with businesses, wealth, the financial sector and some of the most expensive properties in the country, it was one of the first areas to experience dramatic property prices fall at the beginning of 2008.
Yet it would seem that history is about repeat itself, but this time in reverse…
More about the author of this article
Peter Franklin, Property Mentor Delegate
With 15+ years of property investment experience under his belt and an extensive knowledge of stocks and shares, Peter Franklin has learnt how to make a profit the hard way. If he has learnt anything from his time investing in property in the early 1990’s, right through to the height of the property boom of 2007, it is the importance of using proven investment strategies. Read more
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