2017 has already brought with it high demand for property from local and overseas buyers, both owner occupiers and investors, all saying that they feel confident about the local market. Buyers and investors both tend to take a long-term view when buying property, particularly in prime Central London, so they aren't deterred by short-term influences.
Property transaction numbers are high as homeowners look to cash in on their investment and new buyers look to secure property in a safe yet vibrant and lucrative market. Investors recognise that London is unique as a safe bet in terms of property as an investment - regulation remains a light touch and the city continues to attract new investment from around the world.
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Another wave of foreign millionaires is poised to buy up ultra-exclusive homes in London, after the weak pound turned property in the capital into an increasingly enticing proposition, a new report has suggested. The Ultra Prime Barometer Report suggested buyers from the US, Middle East and India were all getting ready to take advantage of sterling's weakness by buying £5m plus homes in the capital's most upmarket areas.