London 'offers property investment opportunities'
Opportunity still exists for those looking for property investments in central London, it has been claimed.
According to real estate specialist London Central Portfolio, the market in the capital is set to make up for lost growth over the last couple of years and return to long-term trends as it continues its recovery.
"There is still a window of opportunity to enter the London central property market," said Naomi Heaton, chief executive at the organisation.
"The low cost of sterling makes London particularly attractive to overseas investors at this time."
She added that the residential sector in central London also benefits from not being heavily dependent on mortgages because of the large number of cash rich buyers, and due to its reputation as a hedge against inflation, which is predicted to rise in coming years.
Last week Primelocation.com reported that the average prime property cost £450,633 in January 2010 - a fall of 0.7% compared to December 2009, but a rise of 3.8% on January 2009.
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