Latest Insurance News
London homes 'present great opportunities' for property insurance holders
27 Nov 2009
Posted by Michael Brown
Central London homes present "the opportunity of a generation" for buy to let insurance customers, according to one expert.
Naomi Heaton, chief executive of the London Central Portfolio, said that homes in the city have always been "a very important and valuable asset class" and have come more into the public's consciousness in recent months
"It is a sensible investment decision so we are not surprised. The thing about central London that has always existed is the fact that it is a scarce resource and a diminishing resource because there is no land growth potential," she said.
Ms Heaton added that prime London property provides buy to let insurance customers with long-term capital appreciation.
Her comments came after the Land Registry informed property insurance holders that the average house price in England and Wales increased by 0.9 per cent in September to £158,377.
