26 Apr '17, 9am

"Singapore property investors unfazed by Brexit" #londonproperty

Strong economic fundamentals are driving investment interest in UK property. Despite the short-term implications of the UK’s Brexit vote, the country remains one of the top destinations for Singaporeans looking to invest in overseas property, according to a survey commissioned by real estate investment firm IP Global. The results revealed that the UK was the preferred investment destination for 17 percent of Singaporeans, a one percent rise from last year. Australia continues to be the number one destination for Singaporeans, up three percent from 2016, while Canada is the third favoured investment destination. IP Global noted that one key factor influencing interest in the UK is its strong economic fundamentals. Latest official figures show the economy grew 0.7 percent from the previous quarter, beating expectations of a contraction due to the uncertainty surrounding Brex...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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