London's world-wide reputation as a safe haven for money in a turbulent financial climate has been reinforced by the latest growth figures for the prime property market.

Property prices have now risen by nearly 40 per cent since the post-credit-crunch low in March 2008, bringing prices well above the 2008 peak. Restricted supply makes it very likely the trend will continue.

A very unusual aspect of the market is that both sale prices and rents are rising at the same time, as the British take to renting rather than buying. The average monthly rent in London is now over £2,000.

The combination of increasing capital values and rising rents means that prime central London property is now a more attractive investment than ever. Add in the city's stable political and economic foundations, and it is little wonder that the world's wealthy are parking their money in bricks and mortar here.

Eurozone investors in particular are showing up in our offices and on our websites, keen to move significant sums into London property before the coming whirlwind strikes.

At Sandfords, we believe the crisis in the single currency will not result in the meltdown that some critics predict, but one thing is sure – property in the Sandfords zone of Marylebone, Regent's Park and St John's Wood will only appreciate.