International investors are taking advantage of the cheap pound and the sluggish London property market to embark on a spending spree of new-build investment flats and mansions, which are being discounted by as much as 30 per cent.
A surge of investors from Israel, Switzerland, China, Canada, Bahrain, Oman, India, Pakistan and Turkey has poured into London in recent weeks to buy properties from desperate developers trying to offload their stock in the property market slowdown.
One leading investor, whose company has already bought £300 million of property in the UK, funded by one of his country’s richest men, told Times Money it would accelerate its spending in the event of a chaotic Brexit, which would cause the pound to plunge farther and make flats