London

Investing in a London residential property is an astute financial decision. Investment properties in London are much sought after and sales volumes have been showing a steep increase since January 2008.

The increasing levels of confidence in the central London Market drives the prices and sales volumes in an upward trend. If you are thinking of investing in a London residential property, get in touch with Pinnacle Buying Agents and we will help you find the best deal.

Before we go on a mini tour around the most sought after London residential properties, here is an update on the UK property Market.

The latest statistics as of October 5th, 2009, the following sources have reported:

Estate Gazette:  Prime residential property prices in central London have risen for the 5th month in a row and transactions are now up 90% compared with January 2008.   
Houses are continuing to outperform flats and the property recovery is being led by Chelsea and Kensington, the latest price index from Knight Frank shows.  In August, prices increased by 1% which means that prices are now 6.4% higher than they were in March, which was the low point in the recent real estate market cycle.

"The combination of rising prices and increasing confidence in the central London market has had a dramatic impact on the number of sales that have taken place," said Liam Bailey, head of residential research, Knight Frank.

"Sales volumes are up 90% since January 2008 and represent an incredible 234% increase in sales volumes compared to August last year.  Price growth has been driven by the significant bounce in prices in Chelsea, Kensington and St. John's Wood."

(Glide your mouse over the map and click on a town of your choice for interesting information and facts)