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London as a Global City

London as a Global City. Yolande Barnes, Director, Savills World Research 9 th June 2014. Everyone comes to London. ... making it one of the UHNWI hotspots. ... but this isn’t just about posh houses.

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London as a Global City

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  1. London as a Global City Yolande Barnes, Director, Savills World Research 9thJune 2014

  2. Everyone comes to London

  3. ... making it one of the UHNWI hotspots

  4. ... but this isn’t just about posh houses Source: Savills World Research, Office/Retail/Hotel: RCA (transactions in 2013), UK quoted shares: ONS (holdings in 2012), Infrastructure: OFT (2010 ownership)

  5. London is globally prominent & active

  6. ... and London’s economy is nationally dominant Source: Brookings Institute 2012, IMF 2012

  7. ...although higher resi price bands are most ‘global’ Source: Savills (2010-2013)

  8. Why London? Politically stable Culture and heritage Market transparency Established judicial system English language Established investment track record Security of tenure Open for investment Favourable tax regime Secure title Cosmopolitan Ease of doing Business Globally connected Quality of education Market liquidity Personal safety Strategic time zone

  9. Global purchasers are not a new phenomenon Source: Savills Research

  10. London has high no. of residents born outside the UK Source: Census 2001 & 2011

  11. ... as shown by second languages

  12. So is ‘lights out London’ real? Source: Savills Research

  13. Is London Overheated? Source: Savills World Research

  14. Price Growth varies across London Source: Land Registry

  15. ... so non-prime London still looks good value Key drivers: • quality of place • travel time to centre • Source: Savills

  16. ... so expect more of this 19% of developments over 200 units in inner London currently under construction were funded by overseas entities Source: Savills Research

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