Prime London property expected to thrive

by Sarah Ashcroft

Going in search of leasehold property in prime areas of London is likely to become more prominent, as one expert reveals that this is where investors will focus over the coming year.

Naomi Heaton, chief executive at London Central Portfolio, explained that people are currently wanting to buy the best real estate on offer.

"The savvy investor will be looking at the prime postcodes around Hyde Park - areas like Kensington, Chelsea, Mayfair, Marylebone and Knightsbridge," she continued.

Ms Heaton pointed out that smaller properties are finding favour with investors who want to maximise the amount they generate from their tenancy agreements.

Savills reported earlier this month that average prime London rents grew by 11.5 per cent over the course of last year.

As a result, rents are forecast to grow this year by an average of eight per cent across prime areas of London.

  • Making Sense of Leasehold Property: guide to leasehold law, such as gaining an extension of your lease, making a purchase of the freehold, or the new right to manage legislation..

Published on: February 23, 2011

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