London still a draw for property investors here

DESPITE most respondents feeling neutral about the current economic situation, an overwhelming 75 per cent of investors surveyed by Colliers International have said that they intend to purchase their next London property in the coming six months.

This is in spite of the United Kingdom announcing that it intends to impose on foreign investors a capital gains tax (CGT) of up to 28 per cent on profits made on sales after April 2015.

Indeed, there has been no drop-off in enquiries, said Nina Davies, operations director, international properties, at Colliers International.