20 Nov 20 November 2015. Foreign investors might push London property prices up
20 November 2015. Foreign investors might push London property prices up
The last year introduction of the new stamp duty rates on property transactions halt the growth in prices for luxury property in a price range from over a million pounds. According to estate agent Savills, while prices increased by 2.3% in general London property market over the last year, the prime market remained fairly flat. Prices for properties of over £5 million even fell by 4.5%.
However, experts predict a jump in real estate prices in the luxury category in the near future, due to the increase of interest in London property from Chinese and Russian investors seeking to preserve their capital in the UK.
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