What Overseas Buyers Need to Know About the London Market in 2024

What Overseas Buyers Need to Know About the London Market in 2024

With the pound remaining weak and London house prices stabilising – 2024 presents a key opportunity for overseas investors. Ernest-Brooks International has seen renewed interest from Asia and the Middle East – especially from clients looking for trophy assets or stable rental income.

Key considerations for foreign buyers include changes in non-dom tax treatment, stamp duty surcharges for non-residents, and evolving lending criteria. Ernest-Brooks International’s international team has been guiding clients on structuring purchases efficiently – including use of SPVs, trusts and tax wrappers.

Rental demand remains robust – with properties under £1,000 per week letting fastest. Yield-sensitive buyers should target zones 2 and 3, particularly around transport-led regeneration schemes such as Old Oak Common, Nine Elms and Canada Water.

Our multilingual advisors based in London, Shanghai and Hong Kong are supporting clients through viewings, negotiation and conveyancing – ensuring seamless end to end service. With global volatility, London remains the safe haven – but the right advice makes the difference.

Ernest-Brooks International believes 2024 offers rare timing – discounts, currency arbitrage and record rental demand all combine for a unique buyer window. Early movers will be best placed to benefit before the next cycle begins to firm.

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