Linden London responds to Savills research

Steve Lavers, Director of Linden London Developments, responds to the research by Savills that suggests only half of central London and Docklands house sales are to people who will live in them.

Mr Lavers commented, “With continued house price growth and an incessant demand, London has always been and will continue to be a hotbed for investors, with key financial districts and central boroughs offering almost guaranteed high rental yields and significant returns on investment.

“As a result, a growing number of city workers are now opting to purchase, rather than rent their small boltholes in the city, where they spend their working week, enabling them to extend their property portfolios and capitalise on London’s rising property prices.

“However, while part inhabited properties, and even communities seem to be on the increase, these have become an accepted way of life in London. Service industries have adapted to cope with varying changes in demand and for many residents, they offer a practical and functional way of living.”