Sherwoods Independent Property Consultants today said that asset and yield valuations for Central London properties are on a surge in the last one year, coming back up from the overall lows the UK market plunged to two years ago, triggering interest among investors from the UAE and the Gulf region.
In a statement, Sherwoods representatives said properties in Central London and its neighborhoods offered a significant opportunity to UAE investors to diversify their asset portfolio with an assured prospect to maximize returns within a short to medium-term time frame.
Mr. Keith Pepperdin, Sales Director of the UAE-based Sherwoods Independent Property Consultants, said:"There is a considerable turnaround in the UK property market, particularly in Central London, where a severe short supply of property is causing prices to increase. We have noticed that in the last one year alone, the UAE investors have been scouting Central London for opportunities, particularly in the residential sector."
"As a gateway to Europe and the world, and as a global financial centre, Central London has always remained a hotspot for property investors. Over the years, demand for properties has appreciated exponentially with annual rental yields and capital appreciation hovering around 7 per cent and 10 per cent respectively. This is a significantly high and attractive rate of return for investors, presenting a growth opportunity compared to many other markets," he said.
Quoting demand vs. supply data in Central London, Mr. Pepperdin said: "In London and the south east of England the current need in 2010 is for 79,500 new households and against this only less than 5,000 units are coming up, leaving a huge gap in demand and supply."
He said Central London have many pluses which includes the reputation of having the highest concentration of universities, over 50 hospitals making it an acclaimed medical centre. It is also the centre of the UK's legal profession. Apart from this, Central London has the largest concentration of high earners with over 320,000 people employed in the financial sector alone.
Sherwoods also unveiled two properties in Central London by the UK-based Tudorvale at the event. - Bezier city apartments in the south of the City of London and St. Williams Yard at Kings Cross. Both properties are being marketed in the UAE and the region and have elicited enthusiasm among investors.
Tudorvale is offering suites and one and two bedrooms in Bezier while St. Williams Yard has one, two and three bedrooms available. The development of both the projects has been complete.
"In the context of the rising interest in Central London, the Tudorvale properties offer a unique investment vehicle and we are confident of its appeal to the UAE and Gulf investors who are looking at strengthening their asset portfolio," Mr. Pepperdin said.
Founded in 1988 in the UK by Mr. Iseeb Rehman, Managing Director of the company, Sherwoods has grown to become one of the leading international real estate companies. Sherwoods has established several international branch offices in the UAE, UK, France, USA, and soon will have its presence in other key locations around the world. The company offers a diverse range of services, including search & acquisition of properties; development consultancy, land appraisals and valuation; sales & lettings of residential/commercial property; new home sales; residential & commercial property management services; legal, tax and insurance services; and mortgage & remortgage.
The Tudorvale Properties Group possesses an impressive record in developing luxury housing and apartment projects in Greater London for over 10 years. The developer is renowned for its commitment to quality, innovation and finish and the vision of the company is to become the UK's foremost property development companies. Tudorvale is focused on sustainable development by effectively managing energy use and is known for its customer-centric approach.