{"id":21207,"date":"2025-05-14T09:52:55","date_gmt":"2025-05-14T08:52:55","guid":{"rendered":"https:\/\/www.benhams.com.hk\/news\/?p=21207"},"modified":"2025-05-14T09:52:55","modified_gmt":"2025-05-14T08:52:55","slug":"investors-confidence-grows-in-london-property-market","status":"publish","type":"post","link":"https:\/\/www.benhams.com.hk\/news\/london-property-market\/investors-confidence-grows-in-london-property-market\/","title":{"rendered":"London property market remains resilient as investors\u2019 confidence grows"},"content":{"rendered":"

Despite the end of temporary stamp duty incentives, London\u2019s prime property market continues to show endurance. Consistent buyer activity, rising property prices and a positive economic backdrop highlight the capital city\u2019s appeal amongst overseas investors \u2014 especially those in Asia seeking stability and long-term returns. <\/p>\n

\"London<\/p>\n

Capital values set a new benchmark<\/h2>\n

According to a recent Rightmove report, the average asking price for UK property<\/a> grew by 1.4% in April \u2014 pushing the national average to \u00a3377,182. London stands at the top of the market, with average asking prices touching \u00a3699,200 \u2014 a solid 85% premium over the national average.<\/p>\n

The city recorded a month-on-month growth rate of 0.5% and annual growth stood at 0.4%.
\nThe average time to secure a buyer in London also shortened from 69 to 65 days, showcasing demand and confidence amongst discerning investors.<\/p>\n

Buyer activity holds strong<\/h2>\n

The London property market<\/a> continues to perform well, overturning the expected slowdown in transactions post the end of the Stamp Duty Land Tax (SDLT) incentive. Investors are still proceeding with purchases and the rate of withdrawn or collapsed deals remains stable. <\/p>\n

The lined-up transactions are clearing up, too, with almost 24,000 fewer deals awaiting completion. April marked a 5% increase in buyer inquiries, compared to the previous year and recorded a 4% rise in new properties<\/a> introduced to London\u2019s competitive market. <\/p>\n

Strengthening UK economic growth<\/h2>\n

Recent UK economic data promotes a positive picture for overseas buyers. The economy grew by 0.5% in February \u2014 driven by gains in the services sector. March marked a dip in inflation at 2.6% \u2013 close to the Bank of England\u2019s 2% target. Combine these numbers with the expected interest rate cut by May and affordability within London\u2019s property market could improve. <\/p>\n

Investing in London\u2019s future<\/h2>\n

The Mayor of London has promised \u00a327 million to encourage training programmes in high-growth areas, such as digital and green industries. This long-term investment plan will attract skilled talent, boost productivity and meet demand for rental homes \u2014 a lucrative offering for landlords.<\/p>\n

Growing interest in London developments from Hong Kong<\/h2>\n

At Benham and Reeves’ recent property event in Hong Kong<\/a>, savvy investors expressed strong interest in London and Greater London projects –<\/p>\n