[...] Property ready for another dip in value [...]

The Prime Central London area currently has a lack of stock, the euro is strong so we are seeing overseas byers entering the market in ever stronger numbers, the buyers in the Prime Central London are in most cases are cash buyers so in it for the long term.

We run a Prime Central London property finding service, most of our clients don’t need a mortgage and don’t need to sell their London property, many only occupy the property a few weeks of the year, many look at buying property in Lonon as a long term investment like buying art or wine.

So the Super Prime and Prime Central London markets we fell will se sharp rises early 2010, perhaps though once again it’s the buyer of multi buy to lets that will have the problems, in any market oversupply can be the weak link, developments where many people have purchased buy to lets may have needed to rely on rental income for all their properties.

Overall our view is the Prime areas will see price rises, the rest of London we will have to wait and see but if you live in the one home you have purchased then you are going to have less of an issue longterm, the buy to letters who did not plan well will have different issues though.

John Aitken
BuyersAgentLondon.com

It’s a major, major worry, especially given that so many are cock-a-hoop about coming out of the recession. No we haven’t – not by a long chalk and these sorts of figures return us to the sombre.