London Property experts Stirling Ackroyd advise prospective London homebuyers in anticipation of the London Olympics.
(1888PressRelease) May 07, 2011 - Bankside, Hackney and Clerkenwell estate agents Stirling Ackroyd gave potential homebuyers their advice not to wait to buy, as London's property market goes from strength to strength in the run up to the Olympics. Their advice came as the capital continues to radically outperform the rest of the UK for both sales and rentals.
Luxury property is continuing to tempt investors, with some estate agents reporting annual price increases of 4.6 %. The Nationwide estimate the same figure for the UK as a whole at just 0.4%. Demand for these properties from overseas investors remains high, helping to keep the market extremely buoyant. The capital is still widely seen as a far less risky place for these investors to commit to than many other worldwide locations.
"The higher end properties are in interesting case in point. We act as the agents for the higher end luxury homes, for example, some of our current Clerkenwell property is priced at over two million pounds. London began to attract a higher number of overseas buyers some time ago and we're not seeing this demand tailing off. These are the sort of clients who are looking for absolutely stunning features for both the interior and exterior of their property. Their specifications are usually very high indeed; location is crucial, with easy access to the city as an absolute must. These buyers have realised rental demand is incredibly strong in comparison to other parts of the UK. As well as the top end of the market townhouses, we can also offer them fantastic one to three beds within the most popular new developments".
London's breakaway from the flat UK property market has seen house prices at double the national average in some cases. Rental demand for luxury property also rose in the capital by 11.5% during the previous year, despite the economic woes affecting the whole of Europe. Surveys by buy to let mortgage specialists revealed that in the first three months of 2011, 32% of landlords had actually increased rents. This follows over a year of growth in the sector with soaring demand from both international and UK tenants.
"We are at an advantage to understand the market as we also have a wide selection of higher quality homes for rent. As one of the more experienced Clerkenwell estate agents, we understand our local market exceptionally well. We are not surprised at the demand for the more luxurious properties - providing all the features are there and the location is right. As with our sales department, we have access to some of the most popular new developments, all built to the highest specifications. "
StirlingAckroyd's selection of Bankside. Shoreditch, Hackney and Clerkenwell property can be viewed online including floorplans and energy performance certificates at
To discuss your requirements with one of the team, call their offices on:
Clerkenwell 020 7549 0606
Bankside 020 7940 3888
Shoreditch 020 7749 3838
Hackney 020 7749 3807
London Property experts Stirling Ackroyd advise prospective London homebuyers in anticipation of the London Olympics. 
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