Central London now more of a safe haven

Ryan Bembridge

November 9, 2016

canary wharf london

Market uncertainty caused by Donald Trump’s election as US President will see more people invest in London property as a safe haven, investment firm London Central Portfolio has predicted.

At the same time it added that Europe could see a rise in anti-establishment voters, raising the prospect of more right wing political parties coming to power.

LCP said: “There will be a net positive impact on the market as investors retrench to blue-chip tangible assets as uncertainty on the political and economic stage is heightened once again.

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“Jitters in global equity markets driven by widespread speculation will be countered by flights to safety, with gold, the Yen and Swiss Franc set to benefit.

“Whilst the result will likely move the global spotlight away from Brexit, repercussions may be felt across Europe with the prospect of anti-establishment votes becoming keener.

“At the same time, the likelihood of the UK Parliament thwarting the people’s mandate to exit the EU has dwindled.

“Whilst all of this plays out, Prime Central London property, a traditional safe haven, is expected to benefit from a similar flight to quality, asset-backed investments.”

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