Investors Demonstrate Interest in London Property

A recent statement by Berkeley Group, one of the largest housebuilders in Great Britain, suggests that interest of investors in London property has almost reached its pre-recession levels.

As such, international property investors plan to inject more than £5 billion in London residential property this year. Over £1 billion has already been raised since the start of 2011.

Such a significant hike in demand for houses and apartments in London resulted in an increase of prices in the city.

Commenting on the market trends, Mr. Perrins of Berkeley Group, said that "we are now seeing a lot more of these people at land auctions and it is pushing up the cost of getting hold of sites." He highlighted that London is particularly attractive for investors because its property is less likely to be affected by economic recessions than in other parts of the country.

A separate research from CD Richard Ellis showed that investors plan to inject as much as £2.2 billion in residential properties in UK regions other than London.

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