Prime London Property Outperforms FTSE 100

Investors looking for a good return on their money should consider the prime central London property market, with one expert recently noting that, in terms of capital growth, it has well outperformed the FTSE 100....

Investors looking for a good return on their money should consider the prime central London property market, with one expert recently noting that, in terms of capital growth, it has well outperformed the FTSE 100. Chief executive officer of London Central Portfolio Naomi Heaton explained that since October 2007, when the financial crisis began, real estate prices in the centre of the capital have climbed by ten per cent, while the FTSE 100 has shed 20 per cent of its value in the same time.

She noted that there is "a queue" of foreign buyers who are keen to enter the market, adding that a large proportion of overseas investors come from Hong Kong, Malaysia, Singapore and the Middle East. "The world's super rich are viewing prime London residential property in much the same way as they do gold and there's a limited supply of both," Ms Heaton stated.

Research published recently by Knight Frank revealed that residential real estate values in prime, central districts of the capital have climbed by 11.4 per cent during the 12 months to September 2011. The firm also pointed out that prices have risen by 37.2 per cent since hitting a low in March 2009.
 

- Monday 03 October 2011

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