Recent studies show a dramatic improvement in property investment activity throughout London. Due to the successful vaccine rollout in the UK, investors have targeted central London as the certainty of economy recovery increases.
In the West End, investment volumes totalled £322m in February, comparative to a record low of £130m in January (according to figures produced by Savills). As more transactions are likely to be completed in early March, the first quarter figures look to be good for 2021.
Currently, vendors are still wary of bringing new properties to the market at the risk of over exposure before the market fully recovers. Therefore, most purchases that are taking place are assets that have been previously marketed last year.
At this time, buyers are focusing on best-in-class investment due to the likelihood of a stronger income & escalated profits. However, as economic recovery continues, there will be an incremental increase in value of all purchased assets.
In the West End, investment volumes totalled £322m in February, comparative to a record low of £130m in January (according to figures produced by Savills). As more transactions are likely to be completed in early March, the first quarter figures look to be good for 2021.
Currently, vendors are still wary of bringing new properties to the market at the risk of over exposure before the market fully recovers. Therefore, most purchases that are taking place are assets that have been previously marketed last year.
At this time, buyers are focusing on best-in-class investment due to the likelihood of a stronger income & escalated profits. However, as economic recovery continues, there will be an incremental increase in value of all purchased assets.