The billion pound property market

London’s property market is always buzzing. Even as we see prices constantly going up and down, many investment properties are still being bought and sold in large numbers, and investors can see tremendous gains. In August, London’s property market saw an impressive amount of profit in the face of a decrease in market value, mostly driven by a huge amount of foreign investment.

Last month, property advisers Cushman and Wakefield released an analysis report that detailed the growth of investment in the capital. Specifically, a wave of investors from Asia have helped to generate £3.4 billion worth of revenue, equal to a £870 million profit over the past two years.

The rise in profit was also helped by various large deals being struck up. Last autumn, £1.2 billion was generated when HSBC’s Canary Wharf headquarters were sold by the South Korean National Pension Service. The cycle of investment and subsequent interest in selling and buying is also helping to generate impressive profits in the city. Other sales, including the still-ongoing sale of Heron Tower, could ensure that the rise in profit continues for a good while.

This kind of success is certainly not limited to foreign investors: domestic investors can sink their teeth into the capital’s property market just as easily. There is still a lot of prime property available and with various building projects planned, we could very well see even more properties available on the market. If you are looking to purchase investment properties in Redbridge or any other area of London, we will help to find the right property for your needs and budget.