London’s Luxury Residential Market Booms Defying UK’s Home Sales Slowdown
Even though the UK is now seeing the steepest slump in property prices since the 2008 financial crisis, London’s luxury residences are managing to defy Britain’s housing market downturn, reported The Business Times. Fifteen homes in Central London valued at £5 million or higher were registered as sold in the fourth quarter of 2022—which is […]
Overseas Property Investors Conclude the Best Potential Sits Outside of London Property Market
For years, overseas property investors have concentrated mainly on the London property market. However, this is beginning to change. Indeed, Hong Kong and Saudi Arabia investors saw the potential in the regional markets outside London and have taken advantage of excellent price gains since 2020. For the last 30 years, overseas property investors have pumped […]
London sees surge in demand from Hong Kong buyers
Mortgage brokers and estate agents have reported increased demand from Hong Kong buyers following new security laws in the region as well as UK stamp duty changes, low interest rates and a weak pound. Estate agents Chetertons says that the ongoing tension between Hong Kong and China resulting in Boris Johnson’s offer of British citizenship […]