Central London property 'to rise in value'

Posted: 22 Dec 2009 09:41:32 GMT

Prime properties in central London will continue to rise in value throughout 2010, it is believed.

"Our view is [that] we will see pre-credit crunch prices by 2010," says Naomi Heation, chief executive officer at London Central Portfolio.

She goes on to add that if people are thinking about purchasing property in the capital city, then they should buy in the winter months when prices are slightly lower due to seasonality.

Ms Heaton even states that central London housing is the "best asset" for any shrewd investor due to the current economic upheaval with regards to stocks and shares.

"It is transparent, they know what they are investing, they know it has got long-term growth and they will get a yield," she explains.

Even if there is another global crisis in 2010, the central London property market will survive because of its robust nature, she adds.

Research from Primelocation.com has recently revealed that prime London markets have seen annual price growth of 7.9 per cent in 2009.

© Houseladder Ltd