> Summer Sales Market comment 2012 | Plaza Estates London
Prime Central London Remains Resilient
By Eitan Fox
// Tue 17th
It seems like the world’s eyes are upon London. After a rousing jubilee celebration, we only have a few short weeks before the start of the Olympics.
It seems like the world’s eyes are upon London. After a rousing jubilee celebration, we only have a few short weeks before the start of the Olympics. We feel that this global event will be a perfect opportunity to showcase London and maintain London’s profile when there is so much negativity in the world.
We have experienced a strong and diverse increase of new enquiries from overseas investors. Since the beginning of the year, many buyers were driven to purchase a property in London by low currency rates. However, many investors are now looking to protect their wealth in a global climate of rising economic and political risk and prime central London continues to be a safe haven for the world’s elite.
The British Government closed many tax benefits to ‘non natural’ persons bringing our tax laws more in line with other European and world countries. However, this has not dampened the world’s select, with harsh austerity measures being practiced in most countries, making London still very desirable. The financial and Political stability which Britain offers ensures prime central London property remains resilient and the number one place to invest.