22 Jan

Central London property 'makes a good investment'

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.ADNFCR-1222-ID-19574195-ADNFCR

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