Summer will lead to 'more activity' in the London property market

The property market in London is likely to continue on its upward trend in the coming months, it has been claimed.

According to London Central Portfolio (LCP), the UK capital is becoming a more attractive prospect for investors thanks to recent currency fluctuations and the forthcoming 2012 Olympic Games.

"The increased activity in prime property is likely to continue over the coming months as we enter the summer shopping season when investors come to London for their summer holidays," Naomi Heaton, chief executive of LCP, said.

In addition, Ms Heaton claimed that smart investors could manipulate the market by purchasing before the stamp duty increase next year.

However, she added that the uncertainty about the result of the general election was causing an amount of "jitteriness", which should fade once the new government enters power.

Prime property sales in London last month were at their highest level since the peak of the market in 2007, according to research from Knight Frank.

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