American buyers fail buy into London market, despite bargains

Posted by On January 24, 2019 0 Comment
Research from Savills shows a combination of pre-Brexit house price falls and shifts in currency value mean some astonishing bargains for American buyers at the top end of the London market. A house that would have cost the equivalent of £5m in June 2014 can now be snapped up at £2.5m… a 36% discount. Not enough, apparently, to tempt US buyers; as continuing Brexit uncertainty and a more hostile tax environment for foreign buyers is delaying any foreign-led recovery at the top of the market. More here.