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22/12/2009
Central London property 'set to soar' |
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There will be a steady rise in prices in prime central London residential property next year, it has been predicted.
Chief executive of London Central Portfolio Naomi Heaton said that even if there is a double-dip recession, the value of homes in this area will increase to above pre-credit crunch levels in 2010.
She suggested that investors keen to take advantage of such trends should move swiftly, stating: "If people are thinking about it, they really ought to get in now and also over the winter, when there is always a slight drop in prices due to seasonality."
Those looking at doing so may wish to speak to a property lawyer in Westminster.
Ms Heaton commented that the "robust" nature of central London means it will hold its value well even if there is another major world economic crisis, noting that her company has retained its 94 per cent occupancy rate in central London.
According to figures from Primelocation.com, the prime central London market has seen prices rise by 7.9 per cent in 2009.
Written by Anthony Dyson
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