London property prices not expected to fall

Tuesday, September 29, 2009

Industry report suggests buyers will remain interested in city rental acquisitions.

By Jenifer Courtney

More than three-quarters of investors see London property prices remain at current levels or higher in the next year.

The Young Group's index for the third quarter of 2009 revealed that 20 per cent more buyers than in the previous three months believe values will remain the same or rise in the capital by next September.

Tom Entwistle, editor for letting specialist LandlordZONE, said: "I think selective buying of the right types of rental property could present some real bargains over the next couple of years for those with the necessary resources."

With regards to potential acquisitions, he advised: "There is no tomorrow in property investing - think five to ten years at least ... Any new investments should be made very selectively in terms of property types, locations and initial yields."

FindaProperty.com recently reported that stock levels of rental properties fell by 6.2 per cent this month – the biggest monthly fall since the start of last year.

Source: ask-re The Property People LLP