Expat property demand reaches record high

Although the UK region and London itself has always been a safe and sure country to invest, due to favorable foreign exchange rates for foreign investors and an ever more prosperous housing market. The housing market in London is more than ever the most popular international cities with overseas investors, especially from Russia and the Middle East, driving up the expat property demand states the Telegraph.

Grainne Gilmore from Knight Frank states that “An expat earning Singapore dollars, for example, and buying in London could enjoy a 20 per cent discount because of the weakened pound.”

Furthermore UK expats are more than likely to have a better knowledge of the London city and know in what areas to invest in. An increase of 7% in London property prices in the past 12 months has attracted more UK expats to invest in the ever flourishing London property market. Read more of this post