Private banking customers in 'London property bubble'?

Private banking customers may be more likely to enjoy what some experts are terming a property "bubble" in London, where prices are expected to be less affected by the recession than other parts of the country.

Timothy Lambert, head of consulting at Ducalian, noted wealthy areas in the capital such as Chelsea and Kensington are "not subject to the same fluctuations" as other areas, such as the north.

Those who use private banking may wish to exploit this favourable trend as collateral when it comes to securing loans or mortgages, for example, or when buying assets.

In a recent interview with the Independent, Liam Bailey, head of residential research at Knight Frank, said it is probable housing in the capital will survive future downturns in better shape than less affluent areas.

Mr Lambert noted "foreign money and high earnings" will ensure prices are consistent, indicating there is broad consensus among property investment experts about the long-term value of homes in prosperous London boroughs.  ADNFCR-2318-ID-800027906-ADNFCR