29 Sep '17, 11am

London luxury home values to grow 20% in five years | Overseas | #propertymanager #property #london #PropertyGuru

Concerns surrounding Brexit are fading while London is expected to remain a key global financial centre. With the risk relating to London’s position as a global financial hub ‘overplayed’ and the concerns surrounding Brexit fading, Savills expects home values in London’s best neighbourhoods to increase by 20.3 percent in the next five years, reported Bloomberg . “Whatever the challenge from other cities, London will almost certainly remain a key global financial centre and develop as one of several European hubs for the growing tech sector,” said Savills head of world research Yolande Barnes in a report. SEE ALSO: Sales of UK homes costing £1mil nearly triples “Its prime markets will therefore benefit from new domestic wealth generation as well as attracting wealthy international buyers.” With this, home values in prime central London are expected to remain flat next year,...

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

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