London property loses attraction to Europeans following Brexit vote
Since the Brexit referendum, European buyers have largely deserted the London housing market - particularly in the most exclusive areas.
The numbers of European investors dropped sharply in the run up to and immediately following the Brexit referendum, while the number of Europeans selling their London properties bounced sharply - accounting for 37% of all sales in the third quarter of 2016.
In the first quarter of 2017, European buyers were supplanted as the largest overseas purchasing group by Middle Eastern buyers - who are thought to be taking advantage of favourable exchange rates and a rise in oil prices.
For more on foreign investment in the London housing market, see this article in the Financial Times