Property to rent in West Hampstead may become popular as London prices soar
property prices in London are expected to outstrip growth of those in the rest of the UK, it is predicted.
This could cause greater interest in flats to rent in West Hampstead and other parts of the capital, as people find it hard to get onto the housing ladder.
New figures published by Estate Agent Savills demonstrate a growing north-south divide in terms of house prices and the company states in its 2011 forecast that Central London homes are expected to climb by 33 per cent compared with a national average of 12 per cent.
The London market is driven by international investment and the city's position as a global financial centre, with the capital expected to lead the UK's economic recovery, director of research at Savill's Lucian Cook explains.
According to the company, a double dip in house prices in unlikely and grade A prime London property values are likely to emerge from the economic downturn "virtually unscathed".
A recent study by Zoopla echoed the Savills prediction, indicating the capital saw an 11 per cent rise in the number of homes valued at £1 million or more in 2010.
Published 31st December, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
Rental properties could become more attractive as London prices are predicted to continue growing rapidly.