Tuesday, September 13, 2011
Whoosh! Catch us if you can.
Grainne Gilmore, Knight Frankâ€™s head of research, insisted: â€œLondon is really seen as a safe haven for global money. We ran some figures showing how prime property is doing in terms of asset classes. It beat the FTSE 100 tracker over the last ten years by quite a long margin and certainly gives gold a run for its money. As a result, Knight Frank is forecasting that prices in this area and in the nearby City are set to rise 118% by the end of 2015, second only to the Vauxhall area in south London, where prices are forecast to jump 140% thanks to the redevelopment of Battersea Power Station along with the new US embassy to be built nearby.