PRIME TIME

In the midst of economic uncertainty in a turbulent Eurozone, London has been seen as something of a safe haven for investors. The Wealth Report 2012, compiled by property specialist Knight Frank, saw the UK capital once again top the annual ranking of urban centres considered to be the most important by high-net-worth individuals, and it seems that property is a key factor in their assessment. A weakened Sterling has made purchasing a home in the city particularly attractive to overseas buyers, with prime property prices rising 52 per cent since March 2009. In turn, the rapid value growth has made developers sit up and take note, with plans to complete more than 15,500 luxury homes in the capital over the next decade. It’s a very buoyant market indeed.