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London 2012 Helps Property Investment Stay Strong In Capital
People interested in a property investment in the capital will find that the London 2012 Olympics is the driving force behind strong returns, IPINGlobal.com has said.
Peter Mindenhall, researcher at the property investment company, said London presents a "very strong case" in both the residential and retail sectors, which are helping to pull the South-East out of the recession.
"London itself is continuing to outperform the rest of the country and will continue to do so right up until the Olympics – from that point on it really remains to be seen as to how much value can still be factored into property in the capital," he added.
Foreign investment is currently at a high, partly due to the weak pound, Mr Mindenhall went on to say.
Savills reported this month that the value of residential property in the prime east of London, including Canary Wharf and Wapping, rose by 0.4 per cent during the second quarter of 2011.
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Article date: 8/4/2011 12:00:00 AM