London is seen as a safe haven for international mortgage customers looking for a buffer against global property price fluctuations, it has been claimed.
According to Ideal Property, the English capital is a good place to invest due to its solid activity rates and durability in tough times.
Managing director Stephen Dyer explained that London has enjoyed "a lot of movement" in recent times, with the city centre and high net worth areas performing well.
"People are buying in London because they need to get their money out of whatever country it is in and they see London as a safe place," he said.
"There are a lot of Chinese buyers coming into the UK and they all seem to be going for the same central areas - Kensington, Notting Hill, Holland Park."
Mr Dyer explained that these boroughs seem to be showing "massive activity", with many top-end properties changing hands.
London a safe bet for international mortgage customers
Thu, 21 Jul 2011
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