Flats to rent in Kensington & Chelsea 'not subject to property fluctuations'
flats to rent in the London borough of Kensington & Chelsea may be appealing to people who want to avoid the unstable property market.
This is because, according to one expert, this area of the capital is "in a bubble" and not affected in the same way as elsewhere in the UK.
Timothy Lambert, head of consulting at Ducalian, said that homes in the borough are "not subject to the same property fluctuations as the rest of the country".
In comparison, houses located further north, in places such as Sunderland, "will be much more susceptible to the UK economy as a whole", he explained.
He believes foreign money and people with bigger wage packets "will always keep prices stable" in the upmarket area of the capital.
Liam Bailey, head of residential research at Knight Frank, recently told the Independent that the London property market is in a better position to survive any future downturns than other areas.
Posted by Martyn Glynn
Published 16th August, 2010
© 2010 Estates IT Limited
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One expert believes housing trends and the UK's unstable property market do not affect homes in the London borough of Kensington & Chelsea.