Strong demand for prime London properties for sale

Prime central London property prices continue to appreciate at a rapid rate driven by insatiable demand among domestic and international property buyers.

With recent research by Knight Frank revealing that average prime central London property prices have increased by an average of 767 every day over the past 12 months, it is little wonder that more property investors are inquiring after property for sale in London.

Demand is particularly strong for property for sale in Westminster, along with property for sale in Mayfair and property for sale in Chelsea, as these areas are among the strongest performing London property markets.

The prime London property market is being led by properties in the 1 million to 5 million price bracket. This means that as well as property in Westminster, Mayfair and Chelsea, demand is also high for premium homes in other areas, such as Kensington, Fulham and Notting Hill.

The influx of wealthy foreign buyers and their influence at street level is evident in many expensive parts of London. This is adding to demand for properties in other premium areas, including property for sale in Holland Park, North Kensington and South Kensington.

Property exhibitions in Singapore, Kuala Lumpur and Hong Kong are driving more Asian property buyers to London, according to research by CB Richard Ellis (CBRE).

Figures supplied by CBRE show that more than 800 million worth of property – equivalent to around 2,500 properties in London – were sold at exhibitions in the three cities last year.

Peter Rollings, chief executive of London estate agents Marsh & Parsons, says that more than 20 buyers are now registering for every prime property for sale in London registered on the market.

Commenting on the London property market, Rollings told the press: “We’ve seen some of our busiest months since 2007 this year, and are in the middle of another surge of activity. House prices have already risen five per cent this year, and we anticipate further rises as competition for good quality stock continues to heat up.”

The dislocation between the central London market and the wider UK market has widened into a chasm over the past 12 months, according to Liam Bailey, Head of Knight Frank Residential Research.

“Over the past 12 months price growth in central London has totalled 8.3 per cent, whereas in the UK the corresponding figure has been a fall of -1.3 per cent”, he said.

He added: “I have pointed to international demand as being a key contributor to London’s bounce. There is no doubt that this is true – with more than 60 different nationalities active in the market over the past 12 months. However we shouldn’t underestimate the impact of the central London economic revival on pricing.”

Bailey is one of many housing experts who believe that the revival in the London property market is sustainable even if overseas demand begins to wane. This is potentially good news for anyone looking to buy property in London, particularly property for sale in Westminster, Mayfair and Chelsea.

International Property Investment – A Location For Big Capital Gains

If you are interested in international property investment we are going to look at a great destination here which has been voted one of the best property investments in the world, with average forecast growth of nearly 300% over the next 10 years and the country is Slovenia. Here we will look at why Slovenia property investment is hot.

Slovenia is a country that is attracting both European and North American real estate investors and interest is at an all time high.

Slovenia Location

Many people have not heard of Slovenia but it is a small recent member of the European Community and has the highest GDP of any new member and is situated right at the heart of Europe bordering: Austria, Hungary, Croatia and Italy.

Recent membership of the EU has seen billions of dollars invested in the country from the European community and private investors.

The Result?

Disposable incomes are higher than ever before, this has led to an increased demand for high quality housing and demand is simply out stripping supply.

For example, property in Ljubljana (the capital) has been increasing by30% in many areas – but the growth is not just restricted to the capital. The second city of Maribor and the coastal resort of Piran have also seen strong rises.

Future prospects

The future prospects for growth in Slovenia property prices are good, not only does the country have a solid growth internally, it is actively promoting its tourist industry and this means a huge influx on people wanting high quality accommodation to rent and looking for holiday homes.

Slovenia is a small, beautiful country and has much to enjoy.

It is a country of soaring mountain peaks, dense alpine forests, valleys dotted with vineyards, mighty rivers and even a small unspoilt section of Adriatic coastline.

Skiing is popular and property located in or close to these resorts are popular choices – great areas to buy in are:

Around the towns of Bled, Bohinj, Maribor and Kranjska Gora. Other areas set to rise in popularity are, the towns around the beautiful Soca Valley and the coastal region around Piran.

Property is still keenly priced, with good upside potential and you can not only benefit from great capital gains but also solid rental incomes and there are Slovenia properties to suit every budget.

Buying is straightforward and the local laws are designed to protect both buyers and sellers and you can arrange local finance for the property which is secured on the property in Slovenia, not your principle place of residence.

There are plenty of Slovenia estate agents to help you find your investment property and many cater specifically for international investors.

Acquiring international property is easier than you might think

Now is a great time to start thinking about where you’ve always dreamed of owning property; that’s because the international property market is currently burgeoning. Overseas home ownership by British nationals, for example, has risen by over 95% within the last ten years – and why not? The rewards of owning international property are numerous; whether you’re looking to diversify your investment portfolio or soak up the sheer joy of living abroad.

Spain is currently one of the top international property markets – and it’s not hard to see why as it emanates history, culture and colourful attractions. What’s more, Spain is teeming with new and traditional residential property, as well as commercial and rural property in most locations. So if you’ve been dreaming of acquiring property in a rural village near Mallorca, amidst the paradise of Ibiza or in the bustling centre of Barcelona, you can rest assured that your choices are abundant.

However, searching for international property can be an overly-intricate process if you don’t take the right steps. While it can be tempting to advance directly on to the search process, it’s important to consider a few essential aspects of property-buying first: make sure you’re aware of your resources, whether they’re in the financial or legal sectors of the property market, and organize an approach before you begin your search. But above all, get to know an area in detail before you jump into any property deals. In fact, it would be a good idea to take several trips to the area of interest, as well as to rent a house during your stay to ensure you get a good feel for the locality.

If you’re looking for property for sale in Spain, for example, it’s best to consult a property search company which has a sector specialising in Spanish property. This will ensure that you’ll have access to a wide range of property listings as well as the ability to make comparisons with ease. Furthermore, you’ll be able to track quality estate agents who specialise in property within specific locations, making your overall property search experience a positive one.

There are also a number of residential and commercial property companies which offer a comprehensive set of services in addition to property search. Whether you need to develop your new home or secure a valuation of commercial investment property it’s reassuring to know that you’ll be able to manage everything through a single resource.

Furthermore, you’ll need to consider the financial aspect of your property purchase far in advance. In fact, it’s a good idea to seek guidance on mortgages, protection plans and loans [] before you even begin searching for your dream home or property; that way, you’ll be able to make well-informed decisions when it comes to actually purchasing your property.

So, while it’s a great time to acquire property abroad, it’s important that you obtain professional expertise in all aspects of the property market, so that when you finally make your purchase you’ll be confident that all the essentials have been covered.