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Prices across prime Central London have been softening since the peak of June 2014 as buyers and sellers realign their expectations on ‘realistic valuations’. Higher taxes and political and economic uncertainty led to a softening of prices across prime Central London (PCL) throughout 2016. According to Savills Research, prices in PCL are down 13.2% compared […]

London is still a global draw despite Brexit, says British Land

Profits at UK’s second-biggest property company boosted by sale of ‘Cheesegrater’ skyscraper London is still a big draw for global banks and institutions despite the uncertainty created by Brexit, according to one of the UK’s biggest property companies. British Land said the process of leaving the EU was creating uncertainty, with tenants taking longer than […]

Asian investors snap up UK property, defying Brexit jitters

ASIAN INVESTORS remain confident in the United Kingdom, despite many unanswered questions about Brexit, the country’s decision to leave the European Union, according to a new report from JLL.  JLL, a property consultancy, says real-estate transaction volumes in the UK for the first quarter of 2017 were at their highest level since 2015, in local-currency […]