London Ideal For Property Investors
The number of public existing in
London is due to rise by 800,000 in the next ten years - and there are not
sufficient properties for sale. Pressure on land, queues for planning and
limits on green-belt development mean this is already a severe housing shortage
- one can explain this as a housing crisis.
Only seven percent of properties in
London are 1 bed flats - there are huge numbers of single people who want to
live on their possess or with a partner in their own home. Most flats being
built are 2 bed flats. Not sufficient cheap houses are being built. Properties
for sale are necessary by families, wealthy individuals and couples.
Over the last 10 years - many things
have worked in London's favour as regard property for sale:
The harsh Sabine Oxley regulation
put on US companies has determined many investors and companies to choose
London as a place to create their base - and trading in London has grown
because the narrow environment is less difficult.
Many Middle East investors no longer
desire to use the US after tensions in the last few years - so more money has
been incoming London homes for sale.
London is English speaking and has
turn into a base for a lot of rich individuals who work their companies and
investments from London - they feel that they can trust the environment and
they like the excellence of financial services.
Many foreign billionaires find their
tax very favourable within the UK.
The law, civil rights and justice of
the society attracts these high net worth individuals. Many foreign
billionaires find it an easy way to keep their wealth.
Comments
Post a Comment