Sterling’s fall against the US dollar is creating buying opportunities for investors from India, the Middle East, Turkey and the US who are looking to buy homes in London, according to the Beauchamp Estates’ 2017 wealth report.
The price of ultra-prime residential property in Mayfair has fallen by more than 10% to £4,741 a square foot from £5,306 in 2015.
Enquiries from US investors have risen by 10%, with sales up 3%. For Asian and Middle Eastern investors enquiries are up 15% and purchases 10%.
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