Regent's Park estate agents Sandfords were not surprised to learn that London's homeowners 'earned' almost £50,000 from the value of their property in 2013. For many, this was more that their take-home pay, as the median gross annual income for full
June 18, 2014 (Newswire) - For those that have bought property for sale in Regent's Park, the appreciation gains have been far higher over the last few years. House prices in NW1 have risen over 35% in the last five years, with a double digit increase (10.45%) in the last 12 months. In fact, an extra £32,350 was added to the average property in Regent's Park in the last three months alone.
Andrew Ellinas, Managing Director at estate agents Sandfords, says flats and houses for sale in Regent's Park have always attracted buyers looking for long term prospects: "Central London property is adept at weathering most financial storms and over the last five years, international purchasers have helped raise property values. You'll often here prime Central London being referred to as a 'microclimate' and to a degree, this is true. Central London is, in our opinion, the business capital of the world, and our exceptional educational facilities and rich cultural heritage cannot be found anywhere else. For that reason, property buyers will continue to flock here."
Regent's Park estate agents agree that the long term prospects for NW1 are healthy. "We believe there is still room for price appreciation in our area, so purchasers of flats and houses for sale in Regent's Park with one eye on the future should buy with confidence. Regent's Park is a unique proposition that can never be replicated, and that's a major part of its appeal. Houses and flats for sale in Regent's Park - especially those designed by the Prince Regent's architect, John Nash - are pieces of England's history and when you combine this type of property stock with the park itself, the transport connections and its central location, NW1 will always hold appeal with UK and overseas buyers," says Ellinas.
For further details on properties available for sale in Regent's Park or any information and advice on selling your house or flat in Central London, don't hesitate to contact Sandfords. Sandfords estate agents has a deep knowledge of the local area and an extensive experience in accommodating the needs of home buyers and homeowners in the prime Central London area.
Sandfords are Central and North West London Estate Agents, specialising for over 25 years in residential property sales, lettings and property management in the area between Oxford Street and Primrose Hill, most notably in Regents Park, St. John's Wood, Hyde Park, Dorset Square, Marylebone, Swiss Cottage, Primrose Hill, Belsize Park, Hampstead and Camden Town.
 Figures from the Office for National Statistics April 2013
 Source: Zoopla June 2014