International Life Magazine Summer 2012

Page 39

property

The demand for prime and superprime residential property here in the capital remains unabated with only the shortage of stock in the London market continuing to be a problem.

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he first quarter of 2012 has continued to go from strength to strength in terms of both central London sales and the number of new applicants registering. The demand for prime and superprime residential property here in the capital remains unabated with only the shortage of stock in the London market continuing to be a problem. At this time of year in particular, purchasers tend to want a garden, or use of a garden square, terrace , or arguably even better a direct view and access to a park. One of the most charming of the London parks is Regents’ Park with its many facilities such as an open air theatre, lake and tennis courts represents one of the finest Royal parks in London. Interest in the finest London properties is coming from the four corners of the globe but in particular the ex-USSR countries, India, Italy, the Middle-East, the Far-East, as well as France. We feel that there will be even more interest from Italian purchasers who are probably the biggest savers in Europe - and the French now Monsieur Hollande has succeeded in his bid for the Presidency. China is emerging as a contender in the London market and will shortly be followed, no doubt, by the wealthy from Brazil as that country continues to expands its own economic profile. There is competition for the finest houses and flats in the very best locations from the international market. Interest tends to be localised with those from the ex-USSR and the Middle East preferring Belgravia, Knightsbridge, Mayfair, and Regent’s Park. The home market is also buoyant and to a large extent despite >>

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