The strength of London’s market has made it the fastest recovering centre for prime residential values since 2009, which increased by more than 11% for the year to March 2012. With no signs of change to the high levels of demand, particularly from overseas, and a lack of available stock, prime Central London values are forecast to continue performing strongly, increasing 5% this year, and 17% by 2016.

NW3 comprises one of London’s most sought after residential areas, with excellent high end amenities, large green open spaces, good transport links and direct proximity to Central London. Demand for premises has reflected this, with strong appetite from both domestic and overseas investors across all lot sizes.

While capital growth within NW3 has been strong with top values reaching in the region of £2,400 per sq ft, the area’s performance has been limited by a lack of availability, currently approximately 22% below average. NW3 has had a significant undersupply of apartment developments of late reflected in the difficulty of securing appropriate sites. De Laszlo House on Fitzjohn’s Avenue, the most recent apartment development of note, has achieved in excess of £1,600 per sq ft. We believe England’s Lane Residence occupies a superior position and is capable of achieving in excess of this, to set new benchmark levels.