As record numbers of Greek, Italian, French, and Spanish investors begin the search for stable outlets in which to secure their earnings, the world-wide property market is set to receive a welcome boost. Whilst the fleeing of native investors can only mean further decline for struggling Eurozone countries, several nations are already seeing signs that their own economic growth is likely to receive a helping hand from panic-buying European investors.
British Property Investments: London Calling
Recent statistics show that record numbers of purchasers from Greece, Italy, France, and Spain are showing interest in British property, particularly in London. London has remained a property hot-spot throughout the British recession, with property prices increasing by 5% last year, despite housing prices in other regions of the UK remaining stagnant or even dipping as the recession continues into its fifth year.
The capital remains one of only a handful of ‘safe bet’ areas in Europe when it comes to investing in property and, as such, has seen rapidly increasing numbers of European purchasers registering interest in prime central areas. The number of properties owned by Italians, for example, has nearly doubled in the space of a year (7.6% of London houses are now owned by Italians, as opposed to 4% in 2011).
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