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London to remain leading global wealth center in 2019 despite Brexit: report

London to remain leading global wealth center in 2019 despite Brexit: report

Knight Frank, a global property consultancy, has just released its 2019 Wealth Report, which says that whether it’s a hard Brexit, no Brexit or Brexit-lite, London will remain the leading global wealth center in 2019. As the report shows, the transactions of residential property fell last year. Property prices in London will be in the […]

Singapore Property Market To Benefit From Brexit

Singapore Property Market To Benefit From Brexit

his comes as the prospect of Brexit has cast a negative impact on the London property market’s status as a safe haven investment for overseas buyers. A turning point in the United Kingdom’s history, the Brexit referendum held in 2016 brought about far-reaching effects – they could even be felt here in Singapore, according to […]

Brexit chaos pushes the number of Chinese buyers down

Brexit chaos pushes the number of Chinese buyers down

The current uncertainty being caused by Brexit has had a clear impact on the number of Chinese residential acquisitions in the UK, according to Juwai.com. The website, China’s biggest international property portal, said Chinese property buying has waned as Brexit uncertainty has increased in recent months. The number of Chinese buyers purchasing homes in Britain […]

Brexit Uncertainties Put $57 Billion Fund Off London Real Estate

Brexit Uncertainties Put $57 Billion Fund Off London Real Estate

A $57 billion Finnish fund that’s increasing its real estate holdings said there’s one market it’s definitely not touching, and that’s London.  The simple reason behind that decision is Brexit, according to Mikko Mursula, the head of investments at Ilmarinen Mutual Pension Insurance Co. His team has opted to skip London opportunities it would once have […]

Is the London property market ready to banish the Brexit blues?

Is the London property market ready to banish the Brexit blues?

Despite a lingering mood of uncertainty, many experts expect the capital to ride out the anticipated turbulence Imagine watching a time-lapse film showing the changing face of London’s skyline. An endless succession of construction sites would appear alongside the River Thames, cranes and diggers coming and going, gleaming steel and glass buildings rising into the […]

Asian investors have accounted for almost half of major London property deals since the Brexit vote

Asian investors have accounted for almost half of major London property deals since the Brexit vote

Rumours of the demise of the capital’s foreign investor market are greatly exaggerated, it seems, after new research showed Asian investors have made up close to half of the value of the largest property deals since the Brexit vote. The research, by construction consultants McBains Cooper, analysed the 41 deals worth £100m or more completed […]

Hong Kong property investors go trophy hunting in London despite Brexit

LONDON (Reuters) – Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony. While others have pulled back from British property following last year’s Brexit referendum, investors […]

UK General Election Results Impact London Property Markets

On the heels of a failed snap election in an effort to build a bigger majority and a personal mandate, Theresa May, the British Prime Minister, now faces the though job of trying to forge a coalition deal to stay in power. In reference to how the UK General Election results now impact London’s property […]