Despite the current, rather “unfavourable” exchange rates and upcoming tax changes, international buyers have not been deterred from London property.
A new article in The Times looking further into this topic, and we are delighted to have featured our thoughts as a leading buying agency for the region.
Black Brick’s Founder, Camilla Dell shared in the piece how we work with many wealthy clients that come from Nigeria, Kenya, Zambia, South Africa and Uganda:
“Many wealthy Nigerians were educated in the UK and send their children to school here. Typically, they like gated, secure developments, as this is what they are used to back home.”, she said.
“Many Africans prefer new-builds such as Imperial Wharf”, she continued, adding that some people have begun to refer to this development as a “mini Lagos”. “Thirty-nine per cent of our Nigerian clients have bought in either SW3, SW10 or SW1, closely followed by 35 per cent buying in northwest London postcodes such as NW8, NW6 and N2.”
Read more in the full article here.