Property prices in London have plunged up to 30% in value as newly built houses are not selling as fast as expected. This represents a good opportunity for investors to cash in on one of the most prominent property markets in the world
Being a city as prestigious as London, it won't be long before prices start rising again.

Raising production costs and decrease in sales coupled with the country wide recession have led to unsold stock being ten times the normal amount.

Half of the properties built in 2008 are currently empty. Around 10,000 properties were built from January last year and as much as 45% are currently sitting empty. The only recourse for owners is to sell them for much lower prices.

It may be a crisis for property developers but it represents a very juicy deal albeit in a small window of opportunity for long term investors.

London can be banked on to see an increase in prices over the coming years and anyone who invests at the current rate can't fail to see a profit in three years time or later.

To take advantage of the current property crisis in London, get in touch with Clear Property Investment to find the best properties at the most competitive prices.

View other news from May 2009