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Property in London 'represents a good investment'

26 November 2009

Property in London will always represent a good investment for buyers, it has been claimed.

Naomi Heaton, chief executive at London Central Portfolio, said property in the capital has always been an important and valuable asset class.

"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, but the global demand is always increasing," she commented.

Ms Heaton noted that residential homes can be much more robust than commercial properties when times are difficult, because the latter tend to be related to the economy.

There is now a window of opportunity for investors to purchase property in London at a lower price than it has previously been, she added.

According to figures published by the Land Registry last month, the average cost of a home England and Wales increased by 0.9 per cent in September to £158,377.

Those planning to move house could make the process less stressful by using self storage facilities.

Written by Emily Sanders


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