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London business properties may benefit from more buyer activity
London business property may become a more attractive prospect, after an expert predicted buyer activity in the capital is set to rise.
Naomi Heaton, chief executive at London Central Portfolio, explains some investors may have chosen not to buy in recent months because of uncertainty regarding the political situation.
The general election and emergency Budget may have put people off purchasing commercial or residential property.
But now both aspects are clearer, people may be looking to buy in the centre of the capital once again, Ms Heaton predicts.
"A negative shift in consumer sentiment will always be countered by a positive shift due to the wholly compelling reasons to invest in [central] London," she adds.
Her comments follow findings from Santander Mortgages, showing there has been a five-fold increase in the number of property millionaires over the past ten years.
And London's SW postcode is home to 29 per cent of the UK's millionaire properties, it was discovered.
Posted by James Collins
Naomi Heaton, chief executive at London Central Portfolio, explains some investors may have chosen not to buy in recent months because of uncertainty regarding the political situation.
The general election and emergency Budget may have put people off purchasing commercial or residential property.
But now both aspects are clearer, people may be looking to buy in the centre of the capital once again, Ms Heaton predicts.
"A negative shift in consumer sentiment will always be countered by a positive shift due to the wholly compelling reasons to invest in [central] London," she adds.
Her comments follow findings from Santander Mortgages, showing there has been a five-fold increase in the number of property millionaires over the past ten years.
And London's SW postcode is home to 29 per cent of the UK's millionaire properties, it was discovered.
Posted by James Collins
Fri, 9th Jul 2010