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
“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
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.