London still popular with foreign property owners

Source : Yahoo news

London remains attractive for international property owners and investors according to Naomi Heaton, chief executive of London Central Portfolio.

According to Ms Heaton, prime property in the city remains high on the list of priorities for investors of a high net worth while she added that there are more “well-to-do” people internationally than there are in the UK.

While many look to make their money abroad in more affluent economies, many investors and owners will then choose to invest that into London-based prime property. This is because of the friendly, cosmopolitan nature of the city as well its enviable financial location.

Ms Heaton said: “Our view is that prime central London residential property is very desirable and anyone who is high net worth anywhere in the world, would be interested in owning real estate in this particular patch of London.”

According to recent research carried out by Knight Frank, 40 per cent of Oxford’s prime property currently sells to international buyers.

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