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Never write off the prime capital

After an unusually strong first half of 2014 and a subsequent, albeit small, dip, property commentators were quick to write off the prospects of central London. As a central London estate agent with 12 branches in the prime areas of the capital Winkworth's confidence in central London, however, has never wavered. Properties for sale in central London, as well as those to rent, will always be in demand as the odds are strongly weighted in their favour. Central London is the epicentre of the country, and probably the world's most respected financial and creative district. Not only are the business and employment opportunities favourable, the area is awash with majestic properties - from stunning new build apartments that are coveted by overseas buyers to listed and period mansion houses steeped in rich history. Perhaps the icing on the cake (and the cherry on the top) is the varied and revered cultural scene, with a myriad of theatres, galleries, festivals and venues offering a programme of often world-first events. Central London's enduring appeal is now being reflected in a number of reports, illustrating that it should never be downgraded as a destination for businesses and home movers. A report released by Halifax in January 2015 showed that the London economy outperformed all other UK regions, increasing by 20% in the last four years, while house prices rose 49% in the same period. Focusing even more on properties for sale in central London, the Evening Standard's Homes & Property section also ran a feature in January on the new elite group of London postcodes where the average property sells for more than £1,000 per square foot. Included in the list were West Kensington and Pimlico, with Maida Vale soon to join the price leaders, with the latter's selling values currently reaching £998 per square foot. Property to rent in central London is also performing strongly, report agents, with one business claiming prestigious locations such as Knightsbridge, Mayfair and Belgravia have seen an increase in rents by as much as 4% in the final quarter of 2014. A word of caution, however. The central London property market cannot be accurately predicted as it's influenced by a global demand that can change in a matter of hours. For example, the threat of economic collapse back in December 2014 was enough to spark an instant frenzy of interest among Russian oligarchs looking to protect their money by investing in central London property. It's better to seek professional advice from a dedicated central London estate agent rather than rely on the national press for a skewered view of the market. If you are interested in properties for sale in central London, or would like your home valued, please contact our team today.

After an unusually strong first half of 2014 and a subsequent, albeit small, dip, property commentators were quick to write off the prospects of central London. As a central London estate agent with 12 branches in the prime areas of the capital Winkworth's confidence in central London, however, has never wavered.

Properties for sale in central London, as well as those to rent, will always be in demand as the odds are strongly weighted in their favour. Central London is the epicentre of the country, and probably the world's most respected financial and creative district. Not only are the business and employment opportunities favourable, the area is awash with majestic properties - from stunning new build apartments that are coveted by overseas buyers to listed and period mansion houses steeped in rich history. Perhaps the icing on the cake (and the cherry on the top) is the varied and revered cultural scene, with a myriad of theatres, galleries, festivals and venues offering a programme of often world-first events.

Central London's enduring appeal is now being reflected in a number of reports, illustrating that it should never be downgraded as a destination for businesses and home movers. A report released by Halifax in January 2015 showed that the London economy outperformed all other UK regions, increasing by 20% in the last four years, while house prices rose 49% in the same period.

Focusing even more on properties for sale in central London, the Evening Standard's Homes & Property section also ran a feature in January on the new elite group of London postcodes where the average property sells for more than £1,000 per square foot. Included in the list were West Kensington and Pimlico, with Maida Vale soon to join the price leaders, with the latter's selling values currently reaching £998 per square foot.

Property to rent in central London is also performing strongly, report agents, with one business claiming prestigious locations such as Knightsbridge, Mayfair and Belgravia have seen an increase in rents by as much as 4% in the final quarter of 2014.

A word of caution, however. The central London property market cannot be accurately predicted as it's influenced by a global demand that can change in a matter of hours. For example, the threat of economic collapse back in December 2014 was enough to spark an instant frenzy of interest among Russian oligarchs looking to protect their money by investing in central London property.

It's better to seek professional advice from a dedicated central London estate agent rather than rely on the national press for a skewered view of the market. If you are interested in properties for sale in central London, or would like your home valued, please contact our team today.

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