Property investment in prime locations will survive any possible double dip recession, it is claimed.
Recently indices, including one from the Investment Property Databank, have suggested that growth in the
commercial development sector is slowing down, amid fears that the economy may be falling back into recession.
However, Ed Trevillion, the head of real estate research for Scottish Widows Investment Partnership, told the Daily Telegraph that certain properties are popular and will remain so regardless of the economic situation.
He said: "Prime property in prime locations is always a good investment. People never stop buying that.
"It provides a good solid income stream because of a lease. That agreement will carry you through the bad times."
The head of UK retail property funds at Aviva Investors Philip Nell agreed, telling the publication that property investment firms - especially those from abroad with vast sovereign wealth - like to buy well-known properties, particularly in central London.
Posted by Allan Flowers
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