Our research team gives an overview of the London residential market for the second quarter of 2013.
Our research team gives an overview of the London residential market for the second quarter of 2013.
The Prime Central London (PCL) property market continues to be different to the rest of the country. Prices in the rest of the UK are mainly driven by economic performance and the cost (and availability) of mortgages. This is less true in PCL where significant demand comes from international investors looking for a safe haven asset.
This is reflected in the high proportion of cash purchases within the PCL market, as
foreign buyers tend to fund their purchases with cash to ease the transaction process.
However, with the general improvement in credit conditions it is anticipated that a
marginal shift to mortgages and mixed mortgage/cash transactions over the coming
months will continue.
Download the full report here: London Residential Market View Q2 2013