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Residential Investment Resilient, Claims Chesterton

LONDON-The boom in residential investment looks set to continue according to London-based agency, Chesterton. According to its London Residential Trends report, there has been a surge in buying 'off-plan' in new developments.

By Steve Killick | Updated on June 29, 2001

LONDON-The boom in residential investment looks set to continue according to research published today by London-based agency, Chesterton. According to its London Residential Trends report capital growth in the housing markethas been such that there has been a surge in buying ‘off-plan’ in new developments.

With developers keen to maximise their returns, purchasers can often negotiate a discount on asking terms. This has led to a number of buyers paying their 10% deposit and, with a long period until the building is complete, gaining an uplift in price and realising their profit. Some ventures have sold up to 50% of their flats to investment buyers.

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