propertytalk Live!

An increase in property for sale on the open market and rise in investors purchasing property to diversify portfolios has been reported by The Buying Solution.

The firm, an independent buying consultancy of Knight Frank also says that overseas buyers are seeking 'trophy' asset homes. It has also noted that core rental market prices are on the increase.

Knight Frank's Residential Research team has just launched it's latest London Review guide to the prime central London housing market.

Overseas buyers now account for over 50% of all prime London residential purchases, and in the £5m+ sector they account for over 68% of all buyers.

The outcome of the general election has served as an additional boost to the Prime property market over the past month, with both buyer and seller activity increasing.

The Primelocation.com Prime Index shows that the average value of a Prime property rose by 1.0% in June to £456,983, with annual growth of 1.1%.

Parents who swapped the capital for the Home Counties a generation ago in order to raise their children are heading back to Central London, reports Cluttons.

Now, with children having left home for good and prices in some areas of London at a more affordable level than they have been for several years, Cluttons has seen an upturn in middle-age-to-retiree homebuyers looking to return to the buzz of a London lifestyle.