1 / 1This comes as the prospect of Brexit has cast a negative impact on the London property market’s status as a safe haven investment for overseas buyers.
This comes as the prospect of Brexit has cast a negative impact on the London property market’s status as a safe haven investment for overseas buyers, while boosting that of Singapore.The British Property Federation publication Who Buys New Homes In London And Why? showed that 49 percent of prime central London properties are purchased by foreign buyers.UK real estate prices saw house prices increase by just 0.1 percent year-on-year in January, the slowest in six years, and only rose only by 0.
And with Singapore’s property market being a favourite of foreign buyers for many years, London’s loss could turn into Singapore’s gain. Moreover, Singapore’s Property Price Index showed that prices of private homes have remained relatively flat over the last three quarters of 2018, before dropping by 0.9 percent in the first quarter of 2019.