Popularity of London 'may mean more flats to rent''
There could be more flats to rent in the City of London as it is a place often targeted by property investors.
This is according to one expert, who described the capital as a "safe haven" for those hoping to expand their portfolios.
Ed Mead, director at Douglas & Gordon, said many international investors turn to London when currencies in their own country are not performing well.
This is because it is "one of those places which happens to be politically stable".
He also cited the city's position and economy as appealing factors to potential buy-to-let investors as it means they are "properly hedged".
"It is the first place they think of in the world for going to buy a property," Mr Mead added.
Earlier this month, Knight Frank reported prices for prime London properties fell by 0.5 per cent in July, which is the first monthly decline seen since March 2009.
Published 20th August, 2010
© 2010 Estates IT Limited
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