Central London property 'a valuable asset class'

Posted: 26 Nov 2009 10:02:22 GMT

Prime central London property is a wise investment decision and a valuable asset class, according to London Central Portfolio.

Naomi Heaton, chief executive officer of the company, says: "If you look at it over the long term, it is showing consistent capital appreciation and consistent rental yields."

She says that the "softer" property market has led to the opportunity of a generation in terms of buying property in London, according to London Central Portfolio.

The growth in the property market that would usually be seen over the last 18 months has not been there and since 1989, this period is the only continuous fall in prices that has been recorded.

Ms Heaton goes on to say that there is a "very specific window of opportunity" to invest in the central London property market because prices have fallen while demand remains high.

The average house price in London currently stands at £314, 954, compared to an average of £158,377 in the rest of England and Wales, according to Land Registry figures from October.

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