London estate agents Hastings International confirmed today the continued exceptional demand for quality property in Borough, Bermondsey, Tower Bridge and nearby Rotherhithe / Surrey Quays.
(1888PressRelease) March 06, 2012 - Research shows whilst the national property outlook has been somewhat gloomy, overseas buyers are helping to keep prices rising. Across the UK, house prices have not risen on record for over eighteen months now, with experts predicting the trend is unlikely to end soon. November and December saw a national drop of 0.2 per cent. The national picture shows the lowest level of home buyers for 27 years against a background of comparatively extremely low mortgage rates.
Conversely, London now stands alone as the one single UK region where estate agents recorded rise in house prices for January this year with average asking prices had already hit an all-time record the previous spring. Overseas investors have since helped keep the market flourishing, incentivised by the dual 'safe haven' and Olympics effects. City-wide, estate agents report the closer to the city's financial and central districts, the greater the likely demand.
"We work with quality Rotherhithe property which is consistently in extremely high demand from both London buyers and overseas investors. In terms of lifestyle opportunities, as a riverside retreat it obviously appeals to buy to let investors. Executives also favour property in Borough, for the plethora of local amenities including the food markets, shopping and restaurants in very close proximity to the rest city," said a spokesman for Hastings International.
Many experts have pointed to the 'safe haven' effect afforded by London property, as investors search for secure holdings during the ongoing euro zone crisis. For many, the business-friendly culture and driving rental demand is the ideal investment vehicle, backed by interest rates that are historically low. With economists everywhere in agreement that the crisis will take time to resolve, experts also point out the 'Olympics effect' is unlikely to be something of a transient trend. Whilst in the run up to the games, the massive investment in transport, local sports and leisure facilities and new property developments has tempted a raft of overseas buyers, it is widely felt the end of the Games simply won't see that interest move elsewhere.
As the rest of Europe and other major world economies continue amidst varying degrees of economic uncertainty, London looks set to continue to buck the national UK trends. Yet buy to let is only one of the reasons foreign buyers are so keenly interested in the better London properties. Many plan to either maintain a base or live in the capital whilst their children complete gain their education at a British university. The city's truly eclectic, cosmopolitan and welcoming atmosphere is also an incentive.
To arrange a viewing of any of estate agents Hastings International's selection of high quality property in Borough, call the team on (0044) (0) 20 7378 9000; or for Rotherhithe property, call (0044) (0)20 7231 1066. Details of available homes to buy and rent can also be viewed online at http://www.hastingsinternational.com/
London estate agents Hastings International confirmed today the continued exceptional demand for quality property in Borough, Bermondsey, Tower Bridge and nearby Rotherhithe / Surrey Quays. 
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