Insurance News Archive

Property owners can expect modest growth in prime buildings

Property owners and investors looking at the prospects for growth in London have been advised by property group Savills that there will be growth, although it will be "very modest".

This "very modest" growth will be focused on prime property and will reassure property owners that their investments should be reasonably safe although they don't look likely to post remarkable results.

Lucian Cook, director of residential research at the group, also suggested that 2012 will see the continuation of a lot of foreign money being invested into the city's property.

"We are forecasting in prime central London that we will actually see some very modest growth in the market.

"There is a fairly significant disparity between overseas money and the domestic money which comes out of the financial and business services sector."

Figures from the Land Registry, released recently, showed that property prices in London increased by 0.8 per cent in November.

Posted by Judith Stevenson

06 Jan 2012