London property investment hot spots for 2011
Monday, 20 December 2010 4:48 PM
London property is expected to hold its value better than other areas of the country over the coming year, and prices are also set to start increasing again more quickly than in other regions. For that reason, many investors see the capital as being a worthy city in which to invest.
Fabricproperty.com covers London's most affluent and prestigious neighbourhoods, including Belsize Park, Islington and Primrose Hill, and the property company has recently compiled a list of the hottest spots to watch during 2011.
Marylebone
Over the past ten years, Marylebone has been transformed from a forgotten backwater into a thriving village – and one of London's most exclusive neighbourhoods. It features quiet streets of majestic Georgian terraces, attractive mews and grand mansion apartments.
Graham Harris, managing director at Harris Latner, says: "There is a real shortage of homes to buy and this restricted level of available properties has really pushed up demand. Marylebone has great access into the West End making it one to watch for 2011."
Hampstead Heath and Village
A surprisingly strong sense of community gives Hampstead a feeling quite different from anywhere else in London. Thanks to its excellent commuter links, the area has remained one of the capital's hottest property investment locations.
"Hampstead has a big clutch of private schools, as well as some good state schools. Add to this mix the compact size for ease of shopping, and it is not hard to see why once people move in, they stay," says Vivienne Harris, managing director of Heathgate.
Covent Garden
Increasingly seen as an affordable alternative to traditional investor hot spots like Mayfair and Belgravia, Covent Garden and Soho boast a fast, dynamic market underpinned by international buyers.
Keiron McGill, associate director of Chesterton Humberts, says: "The regeneration of the Carnaby Street/Marshall Street quarter has completely uplifted the area, along with the continued resurgence of Regent Street. In 2011, more residential units will be built and I think this will bring more, and more varied, buyers of different ages and vocational backgrounds to the Soho property market."
Belgravia
Countless surveys have noted Belgravia as featuring the most expensive properties in London. Its rich and famous residents have included former prime minister Margaret Thatcher, Russian businessman Roman Abramovich and Frankenstein author Mary Shelley.
"Belgravia is undoubtedly the best address in London. It has premier restaurants, shops close by and it is aesthetically extremely beautiful. It will remain in 2011 the most desirable postcode in the capital because buyers are moving away from modern, purpose-built buildings, although still requiring the same level of comfort, luxury and first-class amenities," explains Gary Hersham, director of Beauchamp Estates.
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Tags:
- investment ,
- london ,
- property market ,
- south east




