Despite the global economic uncertainty, the London property market will continue to buck the trend by going from strength to strength, fuelled primarily by a fundamental shortage of new homes against growing demand, driven partly by rising activity among international homebuyers.
Residential property prices are expected to fall across some parts of the UK, but stark regional declines should be counterbalanced by a strong market in London, according to Piers Clanford, managing director at Berkeley Homes (London).
He told WhatHouse.co.uk: "Whilst the London property market continues to prove a safe haven for investors during uncertain economic times, we are expecting demand and values for new homes in the Capital to remain high [in 2013]."
Clanford believes that the new Crossrail route, which will operate between Paddington and Whitechapel, and commence operation in 2018, will act as a particular catalyst for growth.
He added: "Aldgate, adjacent to the future Crossrail line, is emerging as an investment hotspot as it is within walking distance of the City, close to fashionable neighbourhoods like Shoreditch and prices are expected to rise following enhanced transport links.
"Our latest development, Goodman's Fields, is a landmark luxury mixed-use development located in Aldgate, with over two acres of parks and open spaces- creating an oasis in the heart of the Capital."
Set in seven acres, the site will provide over 920 new homes, including studios, one-, two- and three-bedroom apartments and penthouses with balconies or winter gardens overlooking new parks and open spaces and with views across London.
Clanford continued: "Residents will have access to a variety of five-star facilities from a luxury health club with a gym and pool, a business lounge, 24-hour concierge, a private cinema and three new urban squares with new high-end shops, restaurants, bars and cafés.
"Silk House, the first phase at Goodman's Fields, lies at the north west of the development and includes 182 studio, one, two and three bedroom apartments and a penthouse in a sleek 21 storey tower with views across the City. Prices start from £490,000 for a studio apartment."