Central London Property Market Review Q3 2013
CBRE UK has released its most recent piece of research: The Central London Property Market Review.
The report takes an in-depth look at the property market with a particular focus on the turning point for the UK economy and real estate market this summer. Retail, residential and the investment market have all moved up a gear and there is a clear flurry of activity in preparation for Christmas. Expectations for the final quarter of 2013 and first half of 2014 is for more of the same with the strengthening economic recovery stimulating further demand in the occupier market.
"The impact of new government initiatives, coupled with brighter economic prospects, has improved underlying consumer confidence and given the residential market a boost over the past quarter. This is evident in both a pick-up in sales activity and the continued rise in values" Mark Collins, Residential Chairman.