Overseas Pressures Increases Cost Of London Property

According to independent property buying agency, Black Brick, low oil prices and a strong UK currency have made buying London residential property more expensive for those who have made their money overseas and are wishing to place it in the 'safe haven' of London property. However, until the reduction of tax relief on buy-to-let mortgages is announced in the July 2016 Budget, London remains an attractive option for buy-to-let investors, particularly those with a long term view of passing it on to their children.