A major property agent in the West Midlands, CPBigwood, is aiming to break into the London market.
It plans to begin its London operation, led by Bill Drake-Lee, in block management before branching into lettings.
Drake-Lee said: “London has withstood the recession better than anywhere else in the country due to high demand for prime residential property and lack of supply to this demand, which developers are keen to take advantage of.
“The demand is being driven by overseas buyers who view the London residential market as a safe investment providing good returns.”
In the midlands, CPBigwood operates out of offices in Birmingham, Henley-in-Arden and Stratford-upon-Avon, in residential sales, lettings, auctions and chartered surveying, as well as in commercial, town planning and agricultural sectors.
The firm can trace its property roots in the midlands back to 1845.
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