London residential property 'performing well'
Landlords in the UK have been encouraged to consider investing in the prime residential London property market, which has performed well in terms of investment in the past.
Naomi Heaton, chief executive of London Central Portfolio, said the appeal and desirability of Central London property has seen it fare better than other asset classes.
She added that even with rental costs going down, Landlords have still been comfortable due to a similar decline in borrowing costs.
"Residential property in London central has performed very well as a long-term investment and has many drivers in play now to sustain it, not least its scarcity and the weakness of sterling," Ms Heaton continued.
Should more Landlords invest in property in the capital it could mean Britons looking for flats to rent in Eltham or another part of the city have more to choose from.
Primelocation.com reported recently that the average prime property cost £450,633 in January 2010 - down by 0.7 per cent compared to December 2009, but up by 3.8 per cent from January 2009.
Written by Andy Britten
Published 25th January, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
New £200 million Tower Hamlets development agreed
A planning application for redevelopment of part of London's east end was approved by local authorities.
Read Article ... Published on 16th March, 2010
Award-winning office development to bring prosperity to Southwark
An office complex, soon to be occupied by one of London's big accountancy firms, has won high praise for its sustainability.
Read Article ... Published on 16th March, 2010
Fewer first-time buyers getting on to property ladder despite Treasury proposals
First-time buyers are said to be finding it harder to get on to the property market despite government attempts to make it more affordable to buy.
Read Article ... Published on 15th March, 2010
Multi-billion pound London development good for local tenants
Anyone looking for property to rent in the London borough of Camden will be very interested in new developments around the area.
Read Article ... Published on 15th March, 2010
Is first-time buyer market losing out?
The middle to high end of the property market is currently doing better than the first-time buyer market, it has been revealed.
Read Article ... Published on 12th March, 2010
Bad weather 'may push up insurance rates'
UK insurers have forked out millions of pounds in recent months to cover the damaged caused by what is now known to have been the coldest UK winter in three decades.
Read Article ... Published on 12th March, 2010
Majority of young families 'cannot afford London home'
The majority of couples - 90 per cent - aged under 40 and with young children are unable to take their first steps on the property ladder if they live in London, new figures have found.
Read Article ... Published on 11th March, 2010
Brits 'struggling with energy bills'
Following the coldest UK winter in three decades, many Britons got an additional chill when they received their energy bills for these months, it has been revealed.
Read Article ... Published on 11th March, 2010
House prices 'need to fall further'
The government needs to do more to help first-time buyers afford to take their first steps on the housing ladder, one sector commentator has claimed.
Read Article ... Published on 11th March, 2010
Should Brits forget homeownership until their 30s?
Owning their own home could be becoming an increasing pipedream for many people in the UK, with one sector commentator warning Britons may not be able to climb on to the first rung of the property ladder until they are in their 30s.
Read Article ... Published on 10th March, 2010
