The Americans are coming!
U.S. Property Buyers Snapping Up London Property.
Londons finest addresses are being snapped up by wealthy American purchasers.
Londons finest addresses are being snapped up by wealthy American purchasers. American buyers have decided that the weak pound has opened up new avenues for purchasing some of the most opulent London addresses.
The spending spree has doubled since 2018 to 2019. LLNH CEO Dominic Swinfield stated that wealthy overseas buyers do not want to reside in these properties but wish to own them as investment jewels. LLNH manages portfolios for overseas individuals and groups that wish to maximise their returns with little or no input. We effectively manage the daily operations of the properties and take the hardship out of ownership. GBP is at a low point currently. Buyers are able to cash in on the potential increases in the property market and currency gains.
For more information on Property Management and how we can help your portfolio please get in contact with the office on 0203 515 0023.