Horizon Asset Management has launched a prime central London share class to its Cayman-domiciled British Property Opportunities Fund (BPOF) to take advantage of the current lack of supply and strength of demand for prime real estate in central London.
The London Growth Share Class aims to achieve long term capital growth from a market that remained robust even during the downturn in the rest of the UK. Much of this market strength can be attributed to the scarcity of supply, which was described last month (March) as being "at record lows".* Horizon Asset Management believes that even the rise in stamp duty on luxury properties announced in the Budget will have limited impact on the market because of the strength of demand. The Knight Frank Prime Central London Index rose by 20.47% over the two years to February 2012 and Horizon b...
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