In recent weeks and months a huge amount has been written about overseas investors buying property in London, and so today we are raising the question, why?
Why is London property amongst the most popular in the world?
It may seem like a fairly easy question to answer, London is, after all, one of the biggest and best cities in the world and one of the global financial hubs too. It is famed the world over for its infrastructure, shops, town houses, popular landmarks and parliament buildings. Let’s be honest, there is just so much to be seen and done in the UK capital!
Furthermore, the Olympic Games are coming to town in the summer which is undoubtedly one of the reasons why so much buzz surrounds the capital at the moment. Celebrities the world over will descend upon London for the few weeks that the Olympic Games takes place as will the super rich and super powerful!
London also has such a rich and interesting history and walking the streets one can, at times, feel that history reverberating around the place.
The Main Reason?
However, one of the main reasons why so many overseas investors are looking to London for their property purchases, and thus requiring landlord insurance, is one that you may not have thought of as it is certainly not an obvious one.
And that is the high standard of education available to children. The Chief Executive of London Central Portfolio, Naomi Heaton, has explained that the third generation of a wealthy overseas family may be taught in British primary schools due to the thought that after someone has made their fortune they are likely to put their children through the British education system, including a university education.
Another Main Reason
In addition, Ms Heaton has been explaining further reasons why London is popular with overseas buyers: “People feel very comfortable here, it is a cosmopolitan society, it is one of the most visited destinations in the world, it is the centre geographically, financially and culturally [of the UK].”
London has such an extensive past, present and future and so many reasons for overseas investors to pump their money into property and such reasons are only likely to continue growing.