28 Sep

London property is set to recover after Brexit

London property is set to recover after Brexit

The ongoing uncertainty in the prime London property market could be resolved once the Brexit deal is finalised.

Savills is predicting the most high-end properties in the capital will increase in value by eight per cent in 2020, reports the Daily Telegraph.

“We think the risks regarding London’s position as a global commercial centre have been overplayed," explained Yolande Barnes, head of world research at Savills. 

"Whatever the challenge from other cities, London will almost certainly remain a key global financial centre and develop as one of several European hubs for the growing tech sector.

"Its prime markets will therefore benefit from new domestic wealth generation as well as attracting wealthy international buyers.”

The predictions of Savills is based on the government establishing a hard Brexit agreement, with minimal business disruption and free trade agreements with several EU members.ADNFCR-1222-ID-801840369-ADNFCR

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