World Cities Report by Savills - London & New York are tops

[Londonproperty123]

If you are interested in property, this report is very worthwhile to read. The local press only mentioned it in passing and, as usual, tell us that Singapore is 3rd. That is a fine achievement.

A lot more nuggets of data and analysis in the full report.

I have blogged about it here:
http://londonproperty123.blogspot.sg/2014/04/london-comes-out-joint-top-in-12-cities.html

[minority]

london prop have been pretty hot. but local launches here the location are typically in the wharf area which is East london if I am not wrong. Zone 1 & 2 min will be good. but good location are hard to find.

[Londonproperty123]

london prop have been pretty hot. but local launches here the location are typically in the wharf area which is East london if I am not wrong. Zone 1 & 2 min will be good. but good location are hard to find.

Yes, London prices have shot up a lot in the past year, so good deals are harder and harder to find.

I blogged a bit on some projects here. If your risk appetite is higher, can consider to go further out to Zones 3, 4 even 5. Read if interested.

http://londonproperty123.blogspot.sg/p/other-london-property.html

[minority]

Yes, London prices have shot up a lot in the past year, so good deals are harder and harder to find.

I blogged a bit on some projects here. If your risk appetite is higher, can consider to go further out to Zones 3, 4 even 5. Read if interested.

http://londonproperty123.blogspot.sg/p/other-london-property.html


I think Zone 2 max. anything beyond might be risky.

[Londonproperty123]

I think Zone 2 max. anything beyond might be risky.

Depends on your risk appetite. If you go outside Zone 2, you can find cheaper properties. Got to see the potential of that area, including regeneration.

We have only gone as far as Zone 3. And those are doing very well.

We have looked seriously at property in Zone 5, but that one didn't go through.

[minority]

problem is resale. those student rental or too further out are hard to resell. IMO will be Zone1 max Zone2.

[Londonproperty123]

problem is resale. those student rental or too further out are hard to resell. IMO will be Zone1 max Zone2.

I agree to keep away from those student units. I don't buy those.

However, our experience informs us that resale of flats are ok, outside Zones 1 and 2, as long as the location is good. In fact, depending on the price you are selling at, the market is much bigger compared to Zone 1.

But cannot expect much capital gains once you go too far out. E.g. We bought a small flat (zone 3) for £160k a few years back, now got locals willing to buy at about £215k.