London's Luxury Property Market : Brexit Uncertainty Still Impacting

Posted by Staff Reporter on Jun 28, 2019 03:10 PM EDT
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London's Luxury Property Market : Brexit Uncertainty Still Impacting (Photo : pixabay)

According to international real estate consultant Knight Frank, despite the unknown outcome of Brexit, the underlying demand for London's super-prime property remains resilient.

Brexit-related uncertainty has curbed trading activity across all UK residential markets over the last 12 months. While London's superprime (£10 million-plus, or $12.7m USD and higher) price bracket is no exception, it would be too simplistic to view this particular market entirely through the prism of the UK politics.

First, the demand drivers are more numerous and complex. More wealth is being created in the world than ever before and it continues to move across borders. 

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