Market Opportunities
The London prime central property market rose 28% during 2006 and this trend looks set to continue, with the super-prime market significantly out-performing the overall London market.
At the top of the London market, foreign purchasers bought 60% of the £4 million-plus properties in 2006. Almost half of the £2 million-plus properties purchased are by foreigners.
Waiting lists for top specification properties are now commonplace, with the super-rich willing to wait for a property that ticks all the boxes.
With capital growth of 25% per annum, developers are in no rush to sell; an early sale can dent potential profits.
The rest of the U.K. is similarly set to continue the performance of London, particularly the Midland, with mills, schools and large commercial properties available and ideal for conversion into multiple occupancy units.
Almost without exception, the projects are sold on first issue at the asking price.
