Prime London property 'remains a desirable investment option'

Prime central London property is proving a desirable choice among high-net worth individuals with private wealth to invest, particularly those coming from overseas.

That is according to the London Central Portfolio, which indicates that London remains a popular investment choice for international property hunters.

Responding to research by Knight Frank indicating that 40 per cent of prime property in Oxford sells to international buyers, Naomi Heaton, chief executive of the company, said that there is always an opportunity to generate wealth somewhere with property.

"As soon as people have generated wealth and they have brought in their own country, one of the first places they'll look to invest to get a property is in central London," she said.

"That's because people feel very comfortable here, it is a cosmopolitan society, it is one of the most visited destinations in the world, it is the centre [of the UK] geographically, financially and culturally."

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