High returns in the long and short term
The current state of the London property market
London is a top destination for foreign investors due to its financial stability. The shift to remote work has led to an increase in demand for homes with more space, and London has the most robust economy in the UK’s post-COVID.
Foreign investment
London is the top city in the UK for attracting foreign investment. In 2019, foreign direct investment (FDI) accounted for almost half of the total FDI in the UK. This was at a time when growth in the rest of the UK flatlined. Some areas of London saw an increase in FDI of 65%.
Remote work
The shift to remote work has led to a decline in demand for office space in London. However, it has also led to an increase in demand for homes with more space. This is because people who work from home need more space for their home office and other activities.
Housing demand
Three of the top ten sectors for investment in London are housing-related. These are private rented housing, affordable housing, and social housing. This shows that there is a growing demand for homes in London.
Economy
London has the most robust economy in the UK’s post-COVID. This is due to a number of factors, including its strong financial sector and its position as a global hub for business and trade.
Conclusion
The current state of the London property market is undergoing a number of changes. These changes are being driven by the COVID-19 pandemic, the shift to remote work, and the changing demographics of London. It is too early to say what the long-term impact of these changes will be, but it is clear that the London property market is likely to continue to evolve in the years to come.