Last month’s blog referred to the recent and expected mid-term strengthening of the pound, along with the current belief that the UK is destined for a soft Brexit. The UK, and more specifically London, remains, a good bet for investors. It has recently been stated in The Telegraph that “High profile new developments are redefining once overlooked areas”, emphasising London’s recent growth, ultimately highlighting its appeal to those wishing to settle in the UK from abroad.
Research from Hamptons international reveals that 30% of homes across London were sold to international buyers last year. Overseas investors bought up more than half of all residential properties for sale in London’s most exclusive postcodes in the last half of 2017.