London favourite for foreign property investment

Written on 8 January 2014 by Alistair Boscawen in Property News


London has been named the ‘best city’ with the best investment opportunities for overseas buyers.

The UK capital has been named the city with the best investment opportunities for overseas buyers, according to a survey by the Association of Foreign Investors in Real Estate (AFIRE). Beating last year’s favourite New York, the results demonstrate that London’s head of the game when it comes to attracting foreign buyers.

Other popular cities include San Francisco, Houston and Los Angeles. London’s attraction is thanks to a lack of restrictions, good tax regime (well, until Capital Gains Tax kicks in for foreign buyers in April 2015) and its international status as a top European city.

With more than £7 billion of foreign investment spent on luxury London homes last year, London’s certainly one to watch!

To read more about this story click on the source below:

The Telegraph

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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