Opportunities abound in London's private residential market

IN May 2019, prime central London prices fell 0.3 per cent amid continued Brexit uncertainty. While the ongoing ambiguity may be daunting, the higher risks may present opportunities to obtain prime real estate in Central London, for investors with the longer investment horizon in mind.

Despite rising doubts, there were signs that buyers remained confident of the London market, with the number of offers made in the first three months of 2019 at its highest in more than a decade. Exchanges also rose 6 per cent between January and April 2019, versus the same period last year.

Although the potential of a "no deal Brexit" may lead to economic losses for both the UK and the European Union (EU), London is likely to overcome the short-term pain from the restructuring, given its influence as a global financial hub and integral gateway city.