British mortgage customers looking for property in London are likely to find that they are investing in the country’s strongest housing market.
According to IPINGlobal.com, the performance of the capital’s residential and commercial property industry is helping to pull the south and south-east of the country out of the recession.
Researcher Peter Mindenhall explained that the city “does represent a very strong case as far as property investment is concerned”. However, he did have one word of warning for buyers.
“The [London] 2012 Olympics is largely the driving force at present – once over we could see a drop in interest both from UK-based investors and investors from abroad in the capital – but not likely to a point of detriment to the region as a whole,” the expert noted.
Mr Mindenhall added that the city is outperforming the rest of the country and is expected to do so right into next year.
“Foreign investment is at a high at the moment in part due to a very weak pound – the key really is to continually assess pricing, yields and potential income both before and after the Olympics.”
