In London, as economic and tourism hub, property will always be in demand. The Socoro Group acquired units in the Horizon and Lumina developments in Canary Wharf in London during the first decade of this century.
During the 2008 bubble properties dropped considerably from their highs but rebounded of late driven by the insatiable demand for rental property and the lack of availability thereof. Due to deep structural problems in the UK market, the main problem is that not enough new homes are being built with the effect on rentals. The strength of price rises in the capital has been driving fears of a second bubble
The possibility of further property acquisitions could be under investigation by the Group.