Why You Should Invest in London Property?
One of the worlds truly iconic cities, London has long been coveted by investors the world over and has a reputation as one of the world’s leading prime real estate markets. This is supported by its global appeal, the dominance of its business and financial services cluster and its convenient geographical location.
Knight Frank has consistently ranked London as the top city for global real estate investment whilst also ranking the highest for lifestyle quality and home to the highest net worth individuals globally. The London property market has been viewed as a safe haven for property investment, as large numbers of investors have driven demand for property throughout the capital.
Recent years have seen a considerable increase in London’s population, with the past decade seeing an increase of approximately 800,000 people. With just over 200,000 new homes being built during the same period, it’s understandable that this demand-supply imbalance has driven property prices upwards.
According to the latest Savills five-year forecast, London property prices are set to increase by approximately 12.6% by 2025, with increased demand around the major transport hubs such as the new Crossrail stations and HS2, high-speed rail.