Prime Central London property historically referred to property in the up-market areas surrounding Hyde Park in the boroughs of Kensington & Chelsea and Westminster. In recent years however the definition has been revised and the area divided into Prime Central and Prime. The definition varies depending on the source but still generally refers to any prestigious property in central London.
The main demand still focuses on the original neighbourhoods surrounding Hyde Park. As a result of the limited supply, there is strong competition from buyers for the most prestigious addresses.
Prime Central London is not only a fantastic place to live but also makes an excellent long term investment. The main risk usually associated with property as an asset class is poor liquidity in slower markets. The best strategy to offset this risk is to buy in areas of high demand with limited supply. Owners of PCL property also tend to take a long term view so are typically more insulated from the effects of market conditions.
It is estimated that as much as 40% of Prime Central London property is sold off-market. Retaining an experienced buying agent is essential to fully access the Prime Central London property market. The Buying Agents have over 25 years’ experience in PCL. In this time have forged excellent relationships with selling agents and built a private network of industry contacts.
Please contact The Buying Agents for further information on buying and selling Prime Central London Property.