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
Improvement programme to be launched for Ruislip Manor shops
Those occupying flats to rent in Ruislip are set to benefit from a new scheme that will improve the look of shops in the Ruislip Manor area.
Read Article ... Published on 3rd February, 2012
South Kensington's revamped Exhibition Road officially opens
Demand for flats to rent in South Kensington could be set to rise following the official opening of the revamped and redeveloped Exhibition Road area.
Read Article ... Published on 2nd February, 2012
Brixton to receive new £12m health centre
Individuals seeking flats to rent in Brixton may be pleased to learn that a new £12 million health centre has been earmarked for the area to provide faster and more efficient services to locals.
Read Article ... Published on 2nd February, 2012
New primary school launches in Bermondsey
Families seeking flats to rent in Bermondsey will be able to benefit from a new primary school that has been opened in the area last month.
Read Article ... Published on 1st February, 2012
New study hails quality of Redbridge schools
People occupying flats to rent in Redbridge are benefiting from some of the best-quality state education in the country.
Read Article ... Published on 1st February, 2012
Sutton residents invited to National Libraries Day events
Local libraries are inviting people living in flats to rent in Sutton down for a series of events this February to showcase the range of services they have to offer.
Read Article ... Published on 31st January, 2012
Forest Hill: A bustling, scenic and pleasant place to live
People seeking flats to rent in Forest Hill will find that the area can provide them with one of London's most scenic spots, one of many reasons why it has become a popular place to live.
Read Article ... Published on 31st January, 2012
Tower Hamlets city bid receives Olympic athlete support
Residents of flats to rent in Tower Hamlets have seen the area's bid to receive city status win support from one of Britain's most promising Olympic athletes.
Read Article ... Published on 31st January, 2012
Waltham Forest to receive royal visit this March
People in flats to rent in Waltham Forest will get a chance to see the Queen in March 2012 as the monarch pays a visit to the local town hall.
Read Article ... Published on 30th January, 2012
Wandsworth to benefit from new road works regulations
Residents occupying flats to rent in Wandsworth will see extensive benefits from new regulatory changes that could help prevent them being unduly inconvenienced by road works.
Read Article ... Published on 30th January, 2012
There continues to be a window of opportunity for landlords who wish to invest in property to rent in London, one sector commentator has claimed.