Wednesday, 11 October 2017

Not sure this is about Brexit

Although we can rest assured that people will say that it is:
Realtors who thought that London’s luxury-home market would be kick started by the pound’s fall after the Brexit referendum are being left disappointed.

Sales of houses and apartments in the U.K. capital’s best districts rose less than 0.5 percent in the three months through September from a year earlier, according to data compiled by researcher Lonres. That’s based on transactions for existing homes and new properties being sold on by speculators.
This is a report about the top end of the housing market - homes on the market at £5m or more. Seems to me that if you're a footloose Anywhere Man or Woman then you've quite a choice as to where you spend the £5m or so you've got for a house. From Shanghai and Tokyo to Dubai or Singapore those Asian billionaires have a growing choice and there's also the US options or even places in Europe. And this is before we consider country piles or Tuscan villas.


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