London's Prime Market

Despite the uncertainty caused by the EU referendum, the London property market remains underpinned by a strong economic backdrop and renewed global interest.

 

London has remained resilient in the face of an upcoming Brexit. This is reflected in the wider UK economic data, with most measures of economic performance; output, employment and wages are on the up. For those of you who want the underlying data, according to the ONS; the second estimate for 2016Q4 GDP has been revised up from 0.6% to 0.7%. The employment rate is 74.6%, the highest since records began. And the latest data shows weekly earnings up by 2.2%

So what makes London so attractive? There are a whole range of factors that underpin its success. These include:
– Time zone
– Use of English as a language
– Transparent legal system
– Top quality universities and education system
– Transparency of our political and monetary system
– High connectivity to international markets, with Heathrow flying to 194 destinations