London property 'a safe haven'
Homeowners in London considering whether it would be best to move out of the city to a larger property or to extend their current house may be interested in the latest comments from Prickett & Ellis.
While the property market has generally been a scary place for investors in recent years, the firm believes that those with abodes in London can rest safe in the knowledge that it is "probably the safest of havens".
According to research from Savills, more than half (55 per cent) of all property transactions in prime central London were made by foreign buyers during the last year.
This is a rise from 45 per cent when the market peaked between 2006 and 2007 and may highlight how the capital is still seen as a safe bet among investors.
Prickett & Ellis director Nigel Ellis explained that the combination of the weak pound and reduced house prices may also be attracting foreign buyers.
"It is the way it always will be - if prices come down in international terms, you get more international buyers," he said.
The expert noted that the low interest rates in the UK are also an attractive proposition to foreign investors.
Posted by Paul Steel
Bespoke conservatory firm employs new 3D visualise
Brits considering investing in a bespoke lean-to conservatory or other made-to-measure home improvement may be interested in the latest news from Apropos Tectonic.The firm is a leading glass and aluminium structure specialist and has...
Brochure
Would you like some more information on our conservatories? Order a copy of our brochure online today or call
Gallery
View either our residential gallery or our commercial gallery or view a number of our conservatory case studies.
