Window of opportunity for London landlords

Reduced asking prices for prime London properties mean investors, including buy-to-let landlords, looking to expand their portfolios have "the opportunity of a generation", London Central Portfolio has said.

Prices in the capital have fallen despite demand remaining high, which has created a "very specific window of opportunity", Naomi Heaton, the firm's chief executive, said.

Figures released last month by the Land Registry showed that the average property price in London had increased by 1.3 per cent in September to £314,954.

However, values are still down 3.2 per cent on last year.

"The thing about central London that has always existed is the fact that it is a scarce resource and a diminishing resource because there is no land growth potential," Ms Heaton said.

"But the global demand is always increasing. Therefore it is always going to be a desirable asset class and a demanded asset class to invest in," she added.

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