Demand for luxury new-builds in London is “sky high and rising”, and reports show that much of that interest is coming from South East Asian buyers.
In a new piece in Prime Resi this week, Black Brick buying agency owner, Camilla Dell shared her experience of working with wealthy South East Asian investors looking to buy up property in the UK capital:
“Asian buyers are hugely important to the prime and also general London property market. London property has become hugely attractive for many Asian buyers, where many investors feel that their own local property markets have become over-heated and are about to fall – for example property prices in Hong Kong are higher than London. In addition recent changes in stamp duty and capital gains tax is making investing in residential property in Singapore less attractive with significant penalties if investors sell within the first three years of buying a property.”, she said.
Read more in the full article here.