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Buyers 'can still benefit from central London residential investment'
Investors wanting to make the most of prime central London residential property can still do so, it has been claimed.
There has been a slight fall in prime property prices this month, but chief executive of London Central Portfolio Naomi Heaton explained that there is still a "window of opportunity" for people who have the residential mortgage needed to carry out a sale.
"Residential property has historically been a very good hedge against inflation, which is anticipated to rise in the UK over the next few years," Ms Heaton observed.
She noted that houses and flats in the centre of the capital have "fared better than other asset classes", due to the fact that they are constantly in demand.
However, Ms Heaton added that the forthcoming general election will create uncertainty in the market, something that will be replicated across the UK.
Primelocation.com said on Friday that there was a 0.7% dip in the average price of prime property in the city when compared to December 2009, taking the figure to £450,633.
There has been a slight fall in prime property prices this month, but chief executive of London Central Portfolio Naomi Heaton explained that there is still a "window of opportunity" for people who have the residential mortgage needed to carry out a sale.
"Residential property has historically been a very good hedge against inflation, which is anticipated to rise in the UK over the next few years," Ms Heaton observed.
She noted that houses and flats in the centre of the capital have "fared better than other asset classes", due to the fact that they are constantly in demand.
However, Ms Heaton added that the forthcoming general election will create uncertainty in the market, something that will be replicated across the UK.
Primelocation.com said on Friday that there was a 0.7% dip in the average price of prime property in the city when compared to December 2009, taking the figure to £450,633.
Mon, 25th Jan 2010