Prime London property in demand by foreign investors.

Demand for prime London property is still strong , with interest from overseas investors.

Cash buyers from mainland Europe and the Far East are snapping up opportunities with a medium to long term view.

Local developers who secured sites at the peak of the market in 2007 are off loading building sites with planning permissions in place many lack the funding to continue with the projects and finish the build out.

These opportunities require savvy and experienced investors to step in inorder to finish the projects.

Investors need the vision to see how to add value.

Even though demand is strong, the general mood in the market place is one of caution. Banks have started to lend again but they require much larger deposits, with a 50% loan to value being common place.

The rental market is still over supplied but demand for rental properties has been steadily on the rise. This increase in demand is resulting from the inability to raise funds inorder to make the next purchase.

Cash is king.