Insurance News Archive

Property insurance holders in central London market 'could have great 2010'

Posted by Dan Winters

Landlord property insurance policyholders who own prime accommodation in central London could be in for a great year in 2010 as an expert has predicted that prices will reach pre-credit crunch levels.

Naomi Heaton, chief executive at London Central Portfolio, said that values will continue to rise over the long-term and advised investors to "get in now" and over the winter as prices usually drop due to seasonality.

"If there is a global implosion, if we have another global crisis, central London will inevitably be affected," she said.

"However, the extraordinary thing about central London is its robust nature," Ms Heaton added.

She explained that there is a "desire and demand factor" which manages to sustain the market even in times of difficulty for landlord property insurance policyholders and residential owners.

Primelocation.com recently reported that high-end property markets had a buoyant year in 2009, experiencing 6.3 per cent growth, with Yorkshire and Humber seeing the biggest expansion at 9.6 per cent.

23 Dec 2009