Lamport Bassitt Solicitors - Legal News - London prime properties receiving "great attention"


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS London prime properties receiving "great attention" London's licensed property market is expected to be beneficial for investors if they focus on prime asset properties. Prime assets are likely to assist London's property market to perform "strongly" in the short to medium term, as they are currently receiving "a great deal of attention", according to an specialist at GM Real Estate. Foreign and domestic purchasers have expressed interest in prime assets, which means that stock is being sold at relatively fast speeds, claims company representative Tony McCurley. Mr McCurley said: "London is an international market and unfortunately there is not enough stock for sale to satisfy all the appetite at the moment, so it is a frustrating market for many investors." This news comes after the Royal Institution of Chartered Surveyors claimed that demand for commercial property continued to fall in the third quarter. The office sector was affected the most, as it fell to -14 points, despite reaching the 19 points mark at the start of the year. Posted by Gaby Hamerton Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News