UK housing market is a ‘goldmine’ for wealthy foreign buyers
Since the definitive vote for Britain to exit the European Union in 2016, the value of the pound in comparison with the dollar has dropped by 13% in value. As a result, the UK has transformed into a “goldmine” for wealthy foreign buyers looking for a bargain. The luxury sales in the capital include a £60 million mansion on Belgrave Square, which was originally listed for £100 million. Other high-end properties that have sold recently include a seven bedroom property in Primrose Hill that sold for £17.4 million, while an Oxford mansion sold for £10.5 million.
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