New research by property website the Young Group has revealed that 87% of London property investors expect their property investments to increase in value or at least remain stable for the remainder of the year.
This is a massive 10% increase in confidence amongst property investors compared to the second quarter.
However, these statistics are vastly different to the rest of the property market…
More than 30% of property investors outside of the UK capital felt that property prices would fall over the next 12 months, or at least remain at their current levels.
Discussing this issue, property advisors believe that London property prices will rise by 2.5% over the next year, whilst the rest of the UK property market will see a modest increase of only 0.2%.
And even though this 0.2% increase is only minimal, this is a vast improvement on the gloomy predictions made earlier this year where property advisors believed property prices would fall by 1%.