Property investors pile into Bond Street

Despite a slowdown in the luxury goods sector, investor interest in London’s Bond Street remains robust. According to a report by Savills, transaction volumes for properties on this prestigious shopping street surged to £436 million in the second quarter of the year. This figure marks a remarkable 66 percent increase from the previous quarter and is more than four times higher than the same period last year. The report highlights that Bond Street's investment volumes accounted for a staggering 91 percent of all central London property activity during the quarter. This significant concentration of investment underscores the street's enduring appeal to investors, even in a challenging retail environment. Alan Spencer, head of UK retail at Savills, commented on the findings, stating that the increase in retail investment is a clear indication of the sector's resilience and adaptability. He emphasized that the sustained interest from investors reflects confidence in the luxury retail market's potential for recovery and growth. As the luxury goods industry navigates its current challenges, Bond Street continues to attract substantial investment, suggesting that investors are betting on a rebound in the sector. This trend may signal a broader optimism about the future of high-end retail in one of the world’s most iconic shopping destinations.