by Amanda Ford
LONDON
SAFE HAVEN A 2014 Survey, carried out by Cluttons LLP, reveals London property retains top ranking for international investment as the UK capital’s ‘safe-haven status’ is the foremost financial driver for investment (26%). The survey confirms London position as the primary destination for investment in property and its perceived ‘safehaven’ status was identified as the primary driver for investment in the UK capital amongst HNWI clients - 26% considered London to be a safe-haven for investment, while only 4.3% considered financial market performance as a key driver.
The report cited that London is relatively stable, compared to other European countries that are still suffering from the aftermath of the financial crisis. The report also revealed that the perceptions of HNWI towards UK membership of the EU suggest that the appeal
of London as an investment destination will be virtually unaffected. Cluttons offices in Abu Dhabi, Dubai, Kuala Lumpur and Bangkok noted that clients in these markets view London as their firstchoice investment target, followed by Dubai and Singapore.
(1) LONDON (2) DUBAI (3) SINGAPORE Investing in property in London has always been popular with HNMI and Family Offices; London remains a desirable destination for high-net-worth individuals who want to own a home in London
areas such as Knightsbridge, Chelsea or Belgravia. Furthermore, investments in London property provide good yields and have outperformed many other investment models in recent years. According to David Lewis of DOMOS London, a specialist property consultancy firm, ‘There is an increasing demand amongst Family Offices and HNWI, who are seeking to invest in properties in some of the more fashionable areas of London such as Mayfair, St James’s, Kensington, Chelsea, Belgravia and Knightsbridge. However, we have also seen a substantial increase in interest in estates throughout the UK and farms in Southern Ireland.’
“Survey reveals, London, a safe haven for investment”
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