London wins Top City to Invest in Real Estate
Building Contractor Chelsea – London wins Top City to Invest in Real Estate
London’s ever increasing house prices are not yet putting off foreign buyers. A new survey reveals the capital has overtaken New York with investors’ choosing to invest in the Capital rather than elsewhere.
For the first time since 2009, the UK capital came top of the list, beating New York, positioned at number two and representing the only non-US city in the top five. Global investors from 21 countries were asked to consider cities for criteria such as their stability and level of returns. They ranked London top with 24 per cent of the votes, followed by New York at 21 per cent, with San Francisco, Houston and Los Angeles in third to fifth place, the survey by the Association of Foreign Investors in Real Estate found.
London received the highest score from global real estate investors with it’s ranking reflecting the appeal to investors around the globe. Investment in the capital is very easy as there are no restrictions, the tax regime is good for foreign investors and as an international city it attracts a lot of European, Middle Eastern and Asian interest.
This is hugely exciting for the UK as a whole, however especially for London, as it will only add to the already cosmopolitan vibe the city possesses, arguably making it one of the most exciting cities in the world.
Building Contractor Chelsea.