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Prime property market expanding with regeneration and hunt for yield – Investec

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  • 12/02/2019
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Prime property market expanding with regeneration and hunt for yield – Investec
The prime property market is growing out from its traditional ‘golden postcodes’ of central London as buyers take into account other factors such as regeneration or easier commuting.

 

Investec Private Bank business development manager Peter Izard said people still gravitated to the areas of Chelsea, Knightsbridge, Belgravia, Mayfair and Kensington, but others seeing increasing demand.

Speaking on Mortgage Solutions Television in association with Investec Private Bank, he said: “Marylebone is very popular right now and is gaining popularity all the time.

“We see Crossrail as an absolute game-changer, and we see the ability to commute faster from outside of those prime postcodes.”

Izard also highlighted the major developments going on around Kings Cross as another driver for growth.

“So I think we’ll see the prime central London market remain where it is, but I think we’ll see growth as London expands and, dare I say it as people look for greater value as regeneration occurs,” he added.

Anderson Harris director Adrian Anderson echoed Izard’s comments and also noted that he was seeing clients heading further out of the prime central hotspots in search of yield for their investments.

 

 

 

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