Insurance News Archive

Central London property market appealing to foreign buyers

Written by Michael Brown

Investors are likely to exploit the opportunities in the London property market as rental yields remain robust, according to an expert.

Naomi Heaton, chief executive at London Central Portfolio, says that there has been no reduction in demand from applicants, so buyers will recognise the appeal of available discounts to make the most of the current market.

"It is likely that the core investment sector in the £500,000 to £1 million arena will continue to see price growth ahead of the more volatile super-prime market," she suggests.

Ms Heaton says property in the capital is attractive to overseas investors as they can access financing at competitive rates in order to secure good deals.

She asserts that any suppression in the market is a result of timidity and negative sentiment among buyers now rather than the availability of financing options.

Knight Frank recently reported that prime central London property prices rose by 1.6 per cent last month, up from a 0.4 per cent jump in April.

26 Jun 2009