A rising number of nationalities are buying property in London with agents expecting an increase in French citizens as a result of higher taxes proposals from new President Francois Hollande.
London is regarded as one of the best places in the world to live and this, coupled with the widely held view that it is also one of the safest markets in which to invest, has meant that interest and transaction levels remain at a high level, according to Philip Selway, managing partner of the Buying Solution.
The firm’s latest London and Country market report shows that the main interest centers around the usual addresses such as Knightsbridge, Mayfair, Kensington and Chelsea and there are an increasing number of nationalities actively buying.
More than 60 different nationalities are known to have purchased in London in the last year, including those from the European countries affected by the euro crisis such as Italy, Greece and Turkey.
Source: http://www.propertycommunity.com/property-in-the-uk/london-residential-property-market-sees-an-increasing-number-of-foreign-buyers.html#more-4491