Favourable currency exchange rates spur buying sentiment Savills
He expects interest rate increases to come to a head by mid-2023 and return to an extra neutral rate of rise in the second fifty percent of the year. “If customers can weather the instant difficulty of rates of interest Lorong 1 Toa Payoh Condo walks, then there could be some positivity imminent,” says Tostevin.
Specifically, high net-worth buyers eye prime neighbourhoods like Chelsea, Belgravia, Kensington, Mayfair, Notting Hill and Holland Park, states Tostevin. He includes that given the restricted supply of offered prime properties, there is a spillover of purchasing interest for new jobs such as London Square 9 Elms and Battersea Power Plant.
” For those that earn in bucks as well as have those bucks offered to spend on house, the moment has never been far better for acquiring prime residential property abroad,” says Tostevin
The black swan occasion this year was the battle in Ukraine which …