Published by Jamie JemmesonMany overseas investors are looking to obtain foreign mortgages on London real estate, according a market expert.Ed Mead, director of Douglas & Gordon, explained that the UK capital city presents a stable investment opportunity for many overseas buyers.He added: "Buyers from abroad will want to buy here if their countries or their currencies are looking a bit under pressure. It is the first place they think of in the world for going to buy a property."A recent report from Savills showed that the London prestige property market remains strong despite the economic downturn. During the second quarter of the year, the total value of properties sold for over £5 million in the city equalled close to £850 million – the second-highest level on record.Knight Frank recently reported that prices in the capital remain 23.4 per cent higher than at their lowest point in March.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site