Lamport Bassitt Solicitors - Legal News - Property in central London 'growing in appeal to overseas investors'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Property in central London 'growing in appeal to overseas investors' Overseas investors are increasingly eager to obtain prime central London residences, it has been suggested. In news that may have caught the attention of residential and commercial property observers, CB Richard Ellis (CBRE) has outlined the rise in the amount of individuals in the country with a high level of wealth. With sterling remaining weak, buyers with Japanese yen are able to secure premises for 36 per cent less than previously available. Moreover, individuals with currencies such as the Hong Kong dollar or Saudi riyal are able to benefit from discounts of about 25 per cent. Areas such as Hampstead, Notting Hill and St John's Wood are said to be on the radar of many buyers across the globe. Recently, Nick Diment, head of retail planning at CBRE, the commercial property activity witnessed on UK high streets should encompass a broad range of uses and styles in order to maintain the vibrancy of an area. Posted by Helen Causer Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News