
For years, the property market in London was buoyed up by investment by foreign buyers, who regarded the city as a safe place to put their money during the financial turmoil following the 2008 crash. But now, the city faces the threat of a bubble, according to Ben Habib, Chief Executive of First Property Group.
Between mid-2009 and the end of 2012, office space in London rose in price by 52%, and the luxury residential market grew at a similar pace. According to the research group Real Capital Analyticals, commercial property deals reached nearly £21bn last year, and over 64% of the money coming into the market was from abroad, a rise from 61% in 2011 and 55% in 2010.
Fancy being the owner of a £3m home on one of the richest streets in London but instead of enjoying your property with all its fancy dressings you find three squatters occupying the place. This is the stark reality at a 