How Overseas Investment Could Rescue The Luxury Property Market In London
We constantly hear about the perilous state of London’s property market; from the unaffordable prices of rental homes to the decline of luxury property prices. However, as reported by Talk Business Magazine, an influx of international investors could actually be the driving force luxury properties need.
During the final financial quarter of 2015, it was reported that the value of properties in locations such as Kensington and Chelsea, only increased by 1%. Yet Talk Business Magazine believes that specifically Iranian investors are the answer this market needs?
Because improved economic sanctions in Iran means that up to £70 billion of assets have been unlocked, much of which is being aimed at luxury real estate in London. Bear in mind that this kind of international investment could influence the already thriving rental market.
To get more information on the matter, heard to Talk Business Magazine.