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Marc Da Silva talks to Maida vale estate agents and finds that properties for sale in north west London are attracting a greater level of demand, while properties for sale in Fitrovia remain among the most desirable among house-hunters.

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Marc Da Silva

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Consumer sentiment in the London property market remains high,with house-buying intentions still very strong, leading Maida Vale estate agentsSandfords report.

Research shows that households in every region of the country expect the value of their home to increase over the next 12 months, reflecting the fact that optimism overfuture residential property price rises is at its highest level in three years

Londoners are generally the most optimistic about home price rises over the next year, reflecting high demand for properties for sale in north west London, among other popular parts of the capital.

Terraced houses in Regent's Park, for instance, are attracting an enormous amount of interest, helping to push local property prices significantly higher in the process.

Andrew Ellinas, Director at Sandfords, commented: "Terraced houses in Regent's Park have soared in value over the past year, driven by a shortage of the detached homes that the super-rich have traditionally preferred.

"According to Homes.co.uk and confirmed by internal Sandfords data, prices of terraced houses in the Park rose by an amazing 45 per cent in the last twelve months."

Despite the popularity of the housing market in north west London, prime central London ultimately remains the most desirable place to invest in property in this country.

"Prime central London property, on the other hand, is largely immune from short term fluctuations," Ellinas added.

The prime housing market in central London is active due to increasing demand and a shortage of properties for sale in Fitrovia, Mayfair and Hyde Park, among a host of other luxurious areas.

It has been particularly buoyant in May and early June with competitive bidding on the best presented homes in central London, according to Sandfords, who specialise in the sale of properties in prime residential areas, including Regent's Park, Marylebone, Marylebone Village, St John's Wood, Primrose Hill, Maida Vale and Little Venice.

The sales market in London is expected to remain extremely active, supported by strong international interest in the capital's property market.

In spite of rising home prices, properties in London remain considerably less expensive than many other world cities, suggesting that there is plenty more room for growth.

For further information, please contact Sandfords

www.sandfords.com

Tel: +44 (0)20 7224 4994 Fax: +44 (0)20 7224 4989