Richard Donnell, Head of FPDSavills' Residential Research Department, predicted that values in the prime Central London and South East market will suffer from a continued slowdown in the rate of grown. Volatile equity markets together with a general weakening of market sentiment have contributed to the situation.
However, in the longer term, market forces still make residential property a safe bet for investors, and FPDSavills predicts that London and the South East will face a continued shortfall of new houses being built. Further pressure on house prices and an increasing strain on key workers is likely to result.
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