London property snapped up by overseas investors
Posted on Jun 30,2016
By Independent
London property snapped up by overseas investors
 
Overseas property buyers are snapping up London property after the shock decision for the UK to leave the EU, even as domestic buyers, spooked by uncertainty, pull out.

Estate agents in the UK have been swamped with calls from Chinese, Middle Eastern, Italian and Spanish buyers looking for a bargain after the pound tumbled to more than 30-year lows, making the exchange rate very favourable for foreign buyers.

Guy Gittins, the sales director at international property specialist Chestertons, said he spent the Friday morning after the result speaking to the head of property from a Middle Eastern bank who wanted a list of properties ready for clients who would arrive after the end of Ramadan.
Other Property News
UK property market confidence
Listed on Oct 22,2016
By express.co.uk
CONFIDENCE in the UK property market is rock solid and rising in the wake of the Brexit vote, two reports have revealed.

Owners say the value of their home...
+Readmore
Brexit Vote Roils Real-Estate Markets
Listed on Jun 30,2016
By The Wall Street Journal
The effects of the U.K. vote to leave the European Union are starting to ripple through property markets as investors pile out of publicly traded real-estate companies in...
+Readmore
London house prices forecast to fall next year
Listed on Oct 27,2016
By My Property Search
Cost of residential property in London are set to fall one year from now as vulnerability about the UK's exit from the European Un...
+Readmore
Yield-hungry investors’ eye commercial property
Listed on Sep 20,2016
By Source : propertyinvestortoday.co.uk
It is anticipated that properties which are well located, have a reliable income stream or offer the potential to add value will continue to attract keen bidding from ‘yi...
+Readmore
Government abandons plans to privatise Land Registry
Listed on Sep 09,2016
By Mortgage Introducer

A move to privatise the Land Registry has been abandoned by the government.

The department, which was created in 1862, holds more than 24 million titles showin...

+Readmore