London still the most popular employment destination for international workers
- 20th December 2018
- Property Tips
Despite a difficult 2018 for the UK, London's property market remains in demand - a promising year ahead
As the end of the year approaches, December presents a good opportunity to look back at what has happened in 2018.
Despite a year of political uncertainty, London is still drawing the brightest and the best from the rest of the UK and around the world – and that is likely to continue into 2019 and beyond.
One of our most-read newsletter stories this year was a piece that looked at the enduring popularity of London as a destination for employment. A summer survey of over 350,000 overseas workers showed that the capital beat New York and Berlin as the most favoured place to work internationally.
Demand for property, whether renting or buying, should remain strong as the capital continues to invest and improve in its infrastructure. The capital’s transport network, restaurants, nightlife, cultural destinations and sporting attractions are all world-renowned and continue to receive investment for improvement.
The aspects that make London so popular to overseas workers are only going to get better - the continuing development of London's 'always on' transport infrastructure, including the Night Tube and Crossrail, which is nearing completion, and even more new major cultural attractions are coming to the capital, such as professional baseball at the London Stadium.
Stephen Ludlow, Chairman of ludlowthompson, says: “Despite continued Brexit uncertainty, London’s property market continues to prove attractive to renters, landlords, buyers, and sellers.”
“Regardless of whether you’re a young graduate looking for a first job, a post-graduate coming to study at one of the capital's world class universities or an experienced professional looking at potential career move, London has so much to offer.”
“This is great news for landlords and investors alike, as, clearly, healthy demand for property is key to maintaining strong returns on property investment.”
Despite continued Brexit uncertainty, London’s property market continues to prove attractive to renters, landlords, buyers, and sellers
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