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
House price growth slows in September – Halifax
Listed on Oct 10,2016
By My Property Search
Residential property costs kept on cooling in September as the property advertise relaxes, with the most recent information from Halifax uncovering that yearly picks up e...
+Readmore
 Plans for London’s tallest office tower could be scrapped after Brexit vote
Listed on Sep 14,2016
By Propertyinvestortoday
Plans to build the tallest office tower in the capital could be abolished as London’s office market remains under threat following the UK’s decision to leave the European...
+Readmore
Swift recovery’ in housebuilding as Brexit fears fade
Listed on Oct 05,2016
By My Property Search
Swift recovery’ in house-building as Brexit fears fade House building movement in September ascended at the quickest pace since January with different constructors report...
+Readmore
UK house price growth slows in July, ONS reveals
Listed on Sep 14,2016
By My Property Search
House value expansion over the UK dropped to 8.3% in the year to July, down from 9.7% in June, as indicated by the most recent figures from the Office for National Statis...
+Readmore
Brexit uncertainty and summer slowdown prompt fall in UK house prices
Listed on Aug 17,2016
By Larissa Espinoza
Normal approaching costs for homes over the UK fell by more than £3,600 in the course of the most recent month, influenced by the ...
+Readmore