As spring sets in, the London real estate market usually becomes more active, both in terms of sellers and buyers, especially foreign investors. In addition to rising property prices in London, convenient geographical location, well developed infrastructure and the crisis in the euro region, a profitable GBP exchange rate, which dropped by ca. 7% since the beginning of the year, makes another incentive for foreign investments in houses and apartments in the British capital. This allows foreign customers to get additional discounts for property.
London property market in 2012:
- What do Russians buy?
- What areas are the most attractive for investors?
- What properties are chosen by international buyers?
- and other London property market headlines in 2012.
Foreign investor interest in London property is the main driving force for the property market. Nationals of 52 countries purchased a property in the British capital in 2012. The most active buyers of the properties over £1 million were local buyers (50%), Russians (6,6%) and Americans (4,8%).
Our first market analysis in 2013 is dedicated to 2012 ratings connected with London in general and with Central London property market.