22
Jan
Central London property 'makes a good investment'
Property in central London is still a good long-term investment,
one expert in the sector has claimed.
Naomi Heaton, chief executive of the London Central Portfolio,
noted that while values in the area can be affected by economic
events, it is still a good bet for anyone looking to invest.
"Residential property in London central has performed well as a
long-term investment and has many drivers in play now to sustain
it, not least its scarcity and the weakness of sterling," she
explained.
Ms Heaton added that purchasing houses and flats has historically
proved a wise move against inflation, which is expected to increase
in the UK over the coming years.
At the beginning of January, Primelocation.com released the results
of a survey into the state of the prime property market in the
capital.
It revealed that, in December 2009, more than 10,000 vendors who
intended to sell their homes had yet to appoint an agent to market
them, indicating that there could be a surge in this type of
property reaching the market.