Waterfront properties on the River Thames remain in high demand, according to one expert.

Tim Clarke-Payton, manager at Field and Sons, said the "popular and fashionable"reputation of the area means there will always be a desire for good riverside apartments.

The rarity of river-view properties will also help to ensure that demand continues to far outstrip supply, with Mr Clarke-Payton suggesting that people may be willing to "pay that bit extra"due to its ideal location.

"If one works in either the financial city or the West End it is only a short and pleasant walk to work,"he stated.

Cash-ready investors might look to snap up homes in the region in order to take advantage of potentially strong rental demand and long-term price growth.

According to Knight Frank's Prime London Rental Index, rents in prime Central London fell by 9.6 per cent during the fourth quarter of 2008 - the largest drop since 1995.ADNFCR-2002-ID-18941568-ADNFCR

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