Buy to let landlords 'investing in safe haven'

08 June 2010

Written by Michael Aglony

Buy to let landlords with property in London are investing in "probably the safest of havens", according to one expert.

Nigel Ellis, director of Prickett & Ellis, has commented that low house prices and a weakness in the pound have made real estate in the capital attractive to foreign buyers.

Additionally, the low base rate is likely to keep international speculators interested in the near future, he said.

"With central London, we are an international city and an international economy and it is bringing money into the country," Mr Ellis noted, "that must be good news for the domestic market."

A study conducted by Savills recently revealed that transactions in central London have been steady at around 80 per cent of their 2006 to 2007 high, with an increase in the proportion investment coming from overseas - up from 45 per cent in at the market's peak to 55 per cent.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.