25 Oct

Prime London areas are big for investors

Prime London areas are big for investors

Anyone looking to invest in property for the purposes of living there or buy-to-let in London's top areas could be facing swelling prices thanks to an influx of buyers from overseas who are keen to get into the market.

According to one expert, areas like Kensington and Chelsea are perfect for investors because they offer prime homes in desirable areas, and these are the best performing in the country.

Nicholas Pearce, director at Beaney Pearce, said: "The vast majority of Italian buyers are purchasing with cash and as an investment for the long term. The apartments and houses are let with an average return of approximately three to four per cent."

He added that the fact the pound is currently performing well is also another reason why buyers will be facing extra competition from other nations, as a strengthening pound is seen as a positive for investors looking for appreciation in their assets.ADNFCR-1222-ID-801476319-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.