London Estate Agents, Hastings International give their reaction following figures showing high interest from overseas investors.
(1888PressRelease) June 30, 2011 - The latest figures from the Land Registry show that London property prices climbed 0.8% in England and Wales during April 2011. Property in London is still soaring away from the rest of the UK both in terms of demand and pricing with parts of the city have seeing house price increases from 5% and above. London estate agents report the surge in rental demand is enduring, which is in turn driving up London rents.
Overall, the Land Registry's House Price Index showed a 'national' decrease of 1.3%, yet this figure relies on averaging sales completed throughout the country. The story for London is of continued growth and a booming rental sector and there is also strong competition between overseas investors keen to buy London property as a long term investment strategy. London estate Agents Hastings International had the following to say:
"We are continuing to receive enquiries from overseas investors and it's still a question of ticking all the right boxes for them. They are looking for high quality properties, with all the right amenities to ensure a good return on investment in the long term. Our properties with roof terraces and balconies are popular, as are those with luxury services like a concierge, Jacuzzi or gym. Direct river views are also valued, and of course, penthouses always reflect the highest end of the market - again, we're seeing a high demand for these premium homes".
Property analysts point to the current rental cycle as one of the key factors behind the flood of interested overseas buyers. It has been widely reported that there is a chronic shortage of accommodation in the capital. An estimated 10 applicants are now chasing each available property in London, fuelling the demand for suitable properties to buy. As such, conditions appear attractive from an investment prospective. Demand is guarding against declines in rental yields, and furthermore allows today's landlords to confidently increase rents. International interest and some very low interest rates are contributing to a favourable outlook for vendors; in turn keeping the house prices steadily rising.
"We handle property in Borough, Rotherhithe and Shad Thames, all arguably within a very short journey of the financial districts and all very well connected for other areas of the city. Working with vendors, buyers and those looking to rent means we are seeing the picture from every possible perspective. We anticipate strong demand throughout the rest of the summer. One growth area is home buying by the parents of international students, with the option to rent out or sell at a later date. It's been estimated that there are now 25% more international students currently joining the capital. Alongside international interest, on the rental scene, new developments are proving popular; again, it's a question of facilities and amenities. There are some superb lifestyle opportunities in the right developments".
Estate agents Hastings International offer Shad Thames, Borough and Rotherhithe property to buy or rent from three dedicated local offices. To view their current selection online, visit their website at: http://www.hastingsinternational.com/
Or call the team today to discuss your needs:
● Property in Borough 020 7378 9000
● Sales & Rentals in Shad Thames 020 7407 1066 / Shad Thames Property Management 020 7378 1066
● Rotherhithe property 020 7231 1066
London Estate Agents, Hastings International give their reaction following figures showing high interest from overseas investors. 
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