AT THE start of this year, the research department of international real estate adviser Savills predicted that the prime London property market had probably reached its full potential and that further significant growth was unlikely in the short to medium term.
This, in turn, was likely to attract people to the slightly further removed country markets where Londoners were able to reinvest.
Nick Warner, a director of Savills in Henley, said: “It is indisputable that we have started to see a resurgence in interest from Londoners looking to relocate.
“Whilst this is particularly evident within the family house market, with family houses in town centre locations attracting the most interest, it is not confined to this level of the market.
“Indeed, there is a significant number of individuals currently registered with us actively looking for property ranging in value between £3 million and £5 million.