Post Brexit, Middle East Investors Targeting London Properties to Gain Significant Price Discounts

In the wake of Britain's exit of the EU vote and a new and uncertain dawn - for those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years, particularly buyers from the Gulf, whose currencies retain a fixed peg to the US dollar.

"A silver lining today is that those from the Gulf eyeing up a London residential asset will find it 31% cheaper than it was during the last market peak in Q3 2007, suggesting that we may be on the cusp of seeing a significant resumption in property investment activity in the British capital, mirroring the results of our recent Middle East Private Capital Survey, particularly as global investors seek out safe haven assets such as gold and London's bricks and mortar, which we expect will retain its appeal".