London property market after brexit

[strongman93]

Forecasts for how the housing market would respond to the shock of the Brexit vote have so far been wide of the mark – with house sales showing surprising resilience.
Before the referendum, experts predicted that economic uncertainty in the event of a Leave victory would cause house prices to fall, with any downward pressure on prices exacerbated by an exodus of overseas buyers.
But since the Brexit vote, house prices have not followed the predicted script. Indices from Halifax and the Office for National Statistics have reported that prices are still advancing rapidly, with a summer lull accounting for only the most modest cool-down.
here is the reason why investors are buying property in London

[strongman93]

With Britain trying to hammer out the terms of its exit from the European Union and banks considering their options on the continent, is this the best time to start building a new financial district in London? China thinks so.
“Chinese investors are betting that the UK will do well in the Brexit talks and if it doesn’t companies will still choose London as their base,” said Michael Marx, former chief executive officer of developer U & I Group. “London didn’t become the financial capital of the world overnight and it certainly won’t lose that status so quickly.”
If you are looking to seize opportunity to invest in london, check buying property in London for more details

[soros]

The MPs in the UK Parliament had a 2 hour session on 20th Dec 2016 raising problems with the leasehold property system and exposing the bad experiences met by leaseholders/voters resident in their constituencies. The Housing Minister Gavin Barwell agreed to look into these problems and will propose some changes in due course.

If you buy any leasehold property in England or Wales , you are buying a lease which is a long term rental agreement and you are not buying ownership of the property. Most leases will require the leaseholder to pay annual ground rent , doubling after 33 years ( on 99 years lease ) or after 25 years ( on 125 years lease).

Don't buy any leasehold property if the annual ground rent doubles up after every 10 years. You may have great difficulty finding a buyer at a later date.

[soros]

The Guardian Newspaper reported this problem of ground rent rising every 10 years :

https://www.theguardian.com/money/2016/n...negligence