Combination of having to pay higher salaries so staff can afford housing and paying increasing amounts in office rent is causing some to consider moving out Rising London property costs in central London could lead to a wave of businesses relocating outside the capital, research has claimed. It used to be that more and more businesses were looking for an ...
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Africans spend over $900 million on luxury residential property in London.
Wealthy Africans are investing in some of London’s most upscale real estate properties with some reportedly spending as much as $37 million on houses alone. These wealthy investors having a considerable impact on London’s property market and they mainly come from just six countries of Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal. Property experts, Mayfair, Kensington and Chelsea say African ...
Read More »Prime London property market affected by election uncertainty and higher taxes
New search shows that higher taxes and election uncertainty have put the brakes on prime London house prices which fell by 0.5% in the first quarter of 2015. According to the analysis by real estate firm Savills, this follows an average 2.6% downward price adjustment in the final quarter of 2014 that was triggered by the stamp duty reform announced ...
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