28
Aug
London still great for buy-to-let, says investor
Those investing in buy-to-let will still find London one of the
best places in the world to do so, the head of the London office of
a South African investment firm has said.
Scott Picken, chief executive of International Property Solution,
told PropertyWire that the capital remains a place where the
long-term fundamentals are favourable for those investing in
property.
He stated: "I'd say if someone is taking a medium to long-term view
they can make good and wise and studious investment for the
future."
The most important thing to do is ensure any property bought is
within ten minutes walk of a tube station, he stated, as this would
attract commuters.
He recommended Canary Wharf, Greenwich, Wimbledon, Clapham and
Putney as prime locations to look at.
At present, the Underground is being overhauled in a ten-year
programme that Transport For London has described as "the biggest
transformation in the Tube's history".
