In the Press

International buyers to support prime London home prices

The residential property market in the Prime Central London (PCL) area will remain bullish in 2012, spurred by demand from foreign investors looking for a safe haven amidst uncertain global market conditions, said UK real estate agents and property consultants.

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Prime central London property is set to be spurred on this year by overseas buyers.

“Almost every forecast is saying prices in PCL will go up in 2012, albeit at a slower pace than last year”, said Black Brick Founder, Camilla Dell in an article this week for The Edge Malaysia.

“Prices in the core prime areas of London such as Knightsbridge, Mayfair, Belgravia, Kensington and parts of Chelsea will be cushioned from any price falls and are likely to go up due to low supply and continued demand from overseas buyers and investors,” she continued.

Read the full article here.