3
Sep
Regeneration areas good for investment, says expert
Those looking for the best places to buy property for investment
purposes should look to locations where major regeneration projects
are being undertaken, it has been suggested.
Andy Smith, Managing Director of 1st Asset, told organisers of this
month's Property Investor Show that apart from the "super prime"
market areas such as west London, where the wealth of buyers
buffers them against the credit crunch, "places which are
experiencing change or receiving investment" offer the best growth
prospects.
Investors should look for those areas where growth is about to
happen rather than go in after it has started and miss out on the
best deals, he stated.
Places which have been attracting investment in recent times
include east London due to the forthcoming 2012 Olympics, which
will mainly be staged in the Stratford area.
An Adfero poll on the Games carried out in east London has found
that 74 per cent believe this will be beneficial to the capital and
the regeneration of the east of the city.
