12
Mar
'Business as usual' in London market
Investors still remain confident in the condition of the housing
market in London, according to new research from Young Group.
The Young Index claimed that 86 per cent of investors think prices
in the capital will rise or stay flat in the next year, while 50
per cent of them will look to make investments there in the coming
12 months.
Chief executive at Young Group Neil Young stated that there is a
greater demand for rental accommodation because of the recent
economic turbulence.
And he added that values in London are "cushioned" from the blow
being seen elsewhere in the UK because there is still strong
demand.
"Dealing with property and land agents, mortgage lenders and the
major banks on a daily basis, it is clear that London stands apart
from the UK as a whole and almost without exception, the sector is
focusing on the capital. It is very much business as usual," he
commented.
Your Move also recently stated that the buy-to-let sector in the UK
is currently operating well.