Rising demand and a shortage of supply will ensure that prime central London property prices continue on their upward growth spiral over the coming five years, the latest forecast from Cluttons has said.
The property consultancy claims that top-end home values will have risen by at least 2.5 per cent by the end of 2011, with further increases expected in the medium-term.
Demand from domestic investors is also likely to boost the market, with many buyers competing for the limited supply of prime property available.
The property consultancy claims that top-end home values will have risen by at least 2.5 per cent by the end of 2011, with further increases expected in the medium-term.
Demand from domestic investors is also likely to boost the market, with many buyers competing for the limited supply of prime property available.
However, the forthcoming stamp duty increase to five per cent for properties over £1 million is may play an important part in transaction levels, the firm added.
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