i would like to get some feedback on what people think of investing in london...i know it's bl**dy expensive, but i have just seen some details about a property fund being launched in central london investing in residential property (it was on wealthbriefing.com) and the editor there seems pretty keen on these guys.
do you think it is over-inflated, or do you think there is some room for growth with the olympics coming up? they are "only" looking for £50k which seems to be pretty reasonable for getting into london...would be very interested to hear your thoughts.
thanks, pit12 Jun 2007, 06:38 Pit
over the past few years there have been a lot of frightened investors which means London has become a buyer’s market, and investors can expect returns of 6.5% to 7%. Stratford and East London have benefited from substantial government investment, and more will be poured in if London gets the Olympics. Prices have already gone up but there is still money to be made.
The government has invested a lot of money in redeveloping the East End. it would be better value for money than Stratford and East London as prices haven’t increased yet.Elephant and Castle is being regenerated and is very close to central London.Phil 12 Jun 2007, 06:42 - Report