Prime Central London: One year on and even higher

Tweet

Posted on: 23 July 2013
By: mackene
No Comments »
Filed under: News

The second study in a series commissioned by Development Securities PLC, from Fathom Consulting, investigating recent developments in Prime Central London  (PCL) residential values. As London’s prime residential property prices rise even further relative to the rest of the UK, this new report concludes that while economic drivers can partially explain this growing premium, a proportion remains difficult to explain – the core characteristics of an asset price ‘bubble’. The first study in the series, published in May 2012,  Prime Central London: in a class of its own?, investigated the drivers behind Prime Central London residential values. The aim of the report was to stimulate a debate about the astonishing gains in the prices paid for prime Central London property at a time when the wider UK market remains in the doldrums. How can these gains be justified? What might the future hold for PCL? The study showed that global investors seeking a safe-haven, immune from the threat of the euro demise, had significantly boosted PCL prices.

Read more online