London conservatory owners could attract foreign buyers
Londoners investing in a bespoke conservatory or pool house to attract buyers from the lucrative international market may be pleased by the latest comments from Douglas & Gordon.
The firm suggested that the English capital is the "first place" that oversees property investors look when buying a new house.
Director Ed Mead suggested that London acts as a "safe haven" for investment as the UK is usually economically stable and enjoys a prestigious standing, as well as political stability.
"Buyers from abroad will want to buy here if their countries or their currencies are looking a bit under pressure," the expert explained. "It is the first place they think of in the world for going to buy a property."
Mr Mead added that the rise in sales of top-end properties noted in a recent Savills report is the result of currency fluctuations.
The firm revealed that the total value of properties sold for more than £5 million in London during the second quarter of 2010 reached £850 million - the second highest quarterly value in recorded history.
Homeowners could build conservatory to make property stand out
Brits attempting to sell their home may have to invest in a bespoke conservatory or kitchen extension to help the property stand out from the competition. There is likely to be a continued shortage of buyers for the time being, with...
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