26 Jun 26.06.2017 Overseas investors buy 13% of London properties
26.06.2017 Overseas investors buy 13% of London properties
According to a new report, foreign investors made up 13.2% of all property transactions between 2014 and 2016. Overseas buyers bought a third of all new-build homes in the capital’s most exclusive areas, they made up 16% of transactions in inner London, and 6 % of transactions on the edges of the capital. Generally, foreign buyers were far more likely to buy lower-value homes than top-end property. Just over half of sales to overseas buyers were homes worth between £200,000 and £500,000, while 33% were to worth £500,000 and £1m, and 16% were valued at between £1m and £5m. Just 1% of transactions were worth more than £5m.