International Investors Buy 3600 Newly Built Residential Properties out of 28000 Category - Buying And Selling

Brexit is now showing its other side to the property investment market in the United Kingdom. Unlike those who turned away from investment opportunities during Brexit uncertainty, international investors are showing a lot of interest in residential investment properties in London that are mostly being considered suitable for first time home buyers.  

According to a report published on The Guardian, one of the leading newspapers in the UK, investors hailing from Hong Kong, Singapore and other parts of the world have invested heavily at London property auctions in almost 3600 of London’s 28000 newly constructed residential properties between 2014 to 2016. The outcome of a survey called the international investment in London housing have further confirmed it.  

And the price of almost 50% of those properties was also in between £200,000 to £500,000 for those who were buying a house for the first time. Almost one third of newly residential properties constructed in the Prime Central London boroughs of Westminster, Kensington, and Chelsea and in the City were also bought by international investors.

These findings triggered calls from Londoners for the Mayer to make sure foreign investors are not allowed to invest Londoners.