A recent report in the Evening Standard stated that nearly 250,000 people own a second home in London – “which they only live in part time.” Many of these investors are from other countries – particularly Middle Eastern nations and Russia – who see investing in Central London property as a safe bet. A large number of these properties are in Mayfair and Belgravia, and are often never lived in at all.
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The continued resilience of the UK housing market is good news for property investors
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The city made it into the top 20 ahead of rivals such Paris, Beijing and Milan
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Insurance group RSA has published a white paper looking at the immediate and longer-term outlook for Britain’s commercial real estate construction sector. It will make uncomfortable reading for fans of commercial property.
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