Foreign buyers to drive London house prices up amid eurozone crisis, says Cebr

Published 06th Jun 2012

International demand for London property during the eurozone crisis will see a sharp widening of the north-south divide for house prices in 2012, says economic consultancy Cebr.

A rise in London house prices of 2.4 per cent compared with a fall in the North East of 2.7 per cent is forecast.

Demand in London remains resilient. Low interest rates and a relative lack of houses continue to support property values.

The CEBR expects affluent French citizens to seek homes in the London area if their new president, Francois Hollande, does enact his proposed 75 per cent top rate of income tax.

Source: ' ThisIsMoney '

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