For immediate release
21st April 2011
Demand for property in London’s parks has soared in the last month, with prime London property consultants Sandfords reporting that sales have increased by as much as 50% in Regent’s Park alone as elite buyers compete for property with access to the capital’s premier oasis.
Spencer Botchin, Director at Sandfords, comments:
“We are seeing increased demand from buyers for property in Regent’s Park, particularly for rarely available apartments within the Nash terraces on the outer circle. The apartments benefit from direct views of London’s most sought-after park, of which homeowners have exclusive use after-hours. There is always strong demand for property within easy reach of London’s parks in Spring but the recent surge in sales can be attributed to London’s heightened profile as a safe haven for investment, especially amongst international buyers. Many of these will chose to spend the summer in the capital and instead of renting are choosing to purchase property as a longer term investment this year.
“Prices in Regent’s Park are expected to edge up faster in the next few months as the supply and demand imbalance becomes even more pronounced.”