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High Demand for 500k+ properties in London while the rest of the country seems to be on hold

Posted byTulloch Priest
Tulloch Priest
Founding Member of Priest Properties Ltd
User is currently offline
on Tuesday, 05 April 2011
in UK Property Market
High Demand for 500k+ properties in London while the rest of the country seems to be on hold.Is this a start of a ripple affect or is London special?For the higher priced property there is demand from foreign buyers as the pound is quite cheap.Also within London there is greater wealth and with possible more employment security in than elsewhere.Lower down the pricing scale properties within London is not moving quite so quickly and East London prices seemed to be on hold, perhaps people are waiting to see what the Olympics brings.I think until the lower priced stock starts moving and...

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