It's time to buy London properties

Its time to buy London properties
Berkeley's 'One Tower Bridge' offers exceptional riverside living in one of London's most historical, cultural and vibrant areas. Supplied photo.

Dubai - London is physically and politically safe. House prices in the UK capital have risen 85 per cent since 2009.



By Staff Report

Published: Sat 26 Nov 2016, 7:16 PM

Last updated: Sat 26 Nov 2016, 9:36 PM

It's always a good time for a long-term investment especially in real estate, according to industry specialists.
Nowadays, it's a life-time opportunity for Middle Eastern and especially Gulf-based property buyers to invest in London's prime locations after Brexit vote, they said.
Citing reasons they said that the Gulf currencies are pegged with the US dollar and international buyers will pay around 10 per cent less price because of the weak pound sterling post Brexit vote.
Sterling declined sharply against the dollar amid the uncertainty sparked by the 23 June vote for Brexit. It was touted to international investors in property who were told they could offset recent tax hikes, such a higher stamp duty, with the currency advantage.
There has been a sharp increase in the number of prospective buyers in the prime central London property market since the EU referendum, giving grounds for 'cautious optimism' according to Knight Frank.
"It's real buying opportunity for international buyers in the wake of weak pound sterling vs US dollar," said Adam Challis, Head of Residential Research at Jones Lang LaSalle.
Earlier this year, estate agent Knight Frank in its report said: "There has long been a trend for overseas buyers to purchase homes or investment properties in central London. In the 1980's, Americans dominated the international market, as did those from the Middle East. Over the past few years, Russian and Asian buyers have become more active, but the interest from the Middle East has never waned."
London is also physically and politically safe. There is clear rule of law and transparency in the political system that is not replicated in some emerging economies.
Berkeley Homes South East London's 'One Tower Bridge' project, which is located next to London's Mayer office, is one of the best options for the Middle Eastern property buyers for long-term investment.  
One Tower Bridge offers exceptional riverside living in one of London's most historical, cultural and vibrant areas.
Situated at the foot of Tower Bridge, across from the Tower of London and the neighbouring London Bridge Quarter, the South Bank has experienced a faster rate of growth compared to other areas of prime central London, according to Knight Frank.
"Unsurprisingly given its superb and unique location, exceptional specification and world class amenities, One Tower Bridge has been incredibly popular with buyers and we are almost at 95 per cent sold," said Harry Lewis, Managing Director at Berkeley Homes South East London.
Recently Berkeley Homes South East London Ltd unveiled a prestigious collection of penthouses and premium apartments at One Tower Bridge, marking the final stage of this extraordinary scheme in the heart of London.
Lewis added: "The latest release at One Tower Bridge marks a significant milestone for the development. This landmark scheme is not solely about delivering luxury new homes: it is the creation of a new existence for purchasers who are looking to experience the finest way of living in this cosmopolitan city, and we believe this is what Cambridge House and The Tower provides."
Since launching One Tower Bridge has received phenomenal interest and is now approximately 90 per cent sold, highlighting the development as a once in a lifetime opportunity for purchasers searching for the ultimate home in the world?s number one global city, according to the developer.
Completions at One Tower Bridge are scheduled for 2017. Prices start from £1,475,000 for a one-bedroom apartment.
Commanding panoramas of ancient and modern landmarks, including the recent arrivals of The Shard and More London, are eight iconic buildings designed by award-winning architectural practice Squire and Partners. There are a range of residences available including duplex penthouses and premium apartments.
The project
In total there will be 376 apartments ranging from one, two, three bedroom apartments, lateral, duplex and triplex penthouses, across eight buildings designed by Squire and Partners.
As part of the development, there will be a new boutique hotel in the beautiful Grade II listed St Olave's building located off Tooley Street.
Living at One Tower Bridge provides easy access to some of the best educational facilities in the world as well as access to the City's thriving business district, Canary Wharf and More London where international firms such as Norton Rose, PwC and Ernst & Young have headquarters.
business@khaleejtimes.com


More news from