Despite Brexit and coronavirus, London’s luxury property market is still attracting rich Chinese buyers – before a new tax on foreign investors

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New luxury apartment blocks like One Bishopsgate Plaza and Chelsea Barracks by Qatari Diar continue to attract international buyers, as the UK capital remains a beacon of relative stability for foreign investors

Uncertainty regarding the outcome of Brexit as well as the ongoing global health crisis has left many potential property investors in limbo, particularly for the London and south of England markets. A 2020-2024 UK Residential Market Forecast report by Knight Frank expects prices to either flatten or fall by the end of year.

Despite these stresses, London may still be a good place for investment, and overseas homebuyers are looking at the market more attentively after the government’s announcement that an additional two per cent stamp duty surcharge will be imposed on foreign investors.





A night view of London’s Chelsea Barracks, one of a number of luxury residences targeting international investors. Photo: Chelsea Barracks


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