28 Aug

London still great for buy-to-let, says investor

London still great for buy-to-let, says investor

Those investing in buy-to-let will still find London one of the best places in the world to do so, the head of the London office of a South African investment firm has said.

Scott Picken, chief executive of International Property Solution, told PropertyWire that the capital remains a place where the long-term fundamentals are favourable for those investing in property.

He stated: "I'd say if someone is taking a medium to long-term view they can make good and wise and studious investment for the future."

The most important thing to do is ensure any property bought is within ten minutes walk of a tube station, he stated, as this would attract commuters.

He recommended Canary Wharf, Greenwich, Wimbledon, Clapham and Putney as prime locations to look at.

At present, the Underground is being overhauled in a ten-year programme that Transport For London has described as "the biggest transformation in the Tube's history".

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