London remains as the top performer in the UK for property investment over the last ten years, according to sales and letting agent, Benham & Reeves.
The research shows that Inner London has seen prices increase by more than double the national average since the recession ended in 2009.
Average property prices in the UK have since increased by 45%, but London has seen an increase of 86% over the same period, with Inner London even higher at 94%.
Despite the high prices driving buyers to look elsewhere in the UK, the commuter belt house has followed the capital’s trend, albeit at a lesser rate, after increasing by 72%.
Director of Benham and Reeves, Marc von Grundherr, said: "Much has been made about the demise of London since the EU Referendum and the resulting slowdown in house price growth, attributed largely to a withdrawal of foreign interest and investment.
“However, London remains the pillar of the UK property market and the ultimate jewel in the crown for both native and foreign investors. In fact, the number of EU residents buying in London alone is up from 10 per cent in 2015 to 14 per cent in 2018.”
He continued: “London homeowners emerged from the recession with the value of their property significantly lower than it was previously but in the decade since, house price growth has been very fruitful, and London has remained ahead of the rest of the UK.”