London is widely acclaimed as a vibrant and great city, attracting many professionals and tourists from across the world. This has a positive impact on property value, making London one of the most dynamic and resilient destination for property investment.
A wide variety of properties is available to buyers in the London market, caring for all investments and accommodation needs, from one-bedroom flat to large detached houses. The attractiveness of the city makes it a great market for buy-to-let investments.
In Le Figaro dated March 13 - 2012: we understand that London is the tax haven for rich Italians and the Greeks. Since the begining of this year, 7.2% of the buyers are Italians with an average of €2.4M per acquisition, when the Russian buyers who represents the second nationality in terms of foreign buyers spend €5.8M on average per acquisition.
Prices have risen by 11% over one year span to February 2012. Is the mansion tax not released yet going to have an impact on prices?
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