LDG release buyer profile figures.
With all of this talk of credit crunch and limited finance vendors are rightly concerned that is there a shortage of quality buyers . They are also concerned that this lack of finance will prevent their wishes turning into reality.
Based on the analysis of all completed deals up to the end of the third quarter 08 it would seem that things are not all doom and gloom, and that certainly in the West End solid and reliable buyers can be found. Well certainly at LDG.
So far this year 59% of all purchases have been completed with the use of finance, with the remaining 41% of purchasing using pure cash funding. Whilst cash buyers have always been present in the West End this certainly indicates that lending money on West End property is something banks are more than happy to do.
However, the other crucial question is where these buyers come from? Well almost in line with the levels of borrowing, 66% of all buyers are UK based. A further 19% of purchasers are of EU origin, with 15% of buyers coming from outside of the EU.
All of this adds up to the fact that property in central London still attracts serious unencumbered buyers and lenders who recognise the long term viability of prime addresses in one of the leading world cities.
With all of this talk of credit crunch and limited finance vendors are rightly concerned that is there a shortage of quality buyers . They are also concerned that this lack of finance will prevent their wishes turning into reality.
Based on the analysis of all completed deals up to the end of the third quarter 08 it would seem that things are not all doom and gloom, and that certainly in the West End solid and reliable buyers can be found. Well certainly at LDG.
So far this year 59% of all purchases have been completed with the use of finance, with the remaining 41% of purchasing using pure cash funding. Whilst cash buyers have always been present in the West End this certainly indicates that lending money on West End property is something banks are more than happy to do.
However, the other crucial question is where these buyers come from? Well almost in line with the levels of borrowing, 66% of all buyers are UK based. A further 19% of purchasers are of EU origin, with 15% of buyers coming from outside of the EU.
All of this adds up to the fact that property in central London still attracts serious unencumbered buyers and lenders who recognise the long term viability of prime addresses in one of the leading world cities.
1 comments:
Good articles, But if you check news papers and news, always bed news, 20% drop or 50% drop.But i believe central london property market going well compare to other part of the London.
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