Fewer Chinese and Russians buyers likely for prime central London market in 2016

There is likely to be fewer Chinese and Russian buyers in the prime central London property market in 2016 but a rise in interest from the Middle East, particularly Iran, is forecast. Overall there is unlikely to be much growth in this market which has been hit by increased property tax charges with more set for second home and buy to let buyers in April. ‘We are cautiously optimistic about 2016, however the market is unsettled and liquidity is down. We don’t expect much growth in the centra...