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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

London as a Global City

Yolande Barnes, Director, Savills World Research

9thJune 2014




But this isn t just about posh houses
... 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)


London is globally prominent active
London is globally prominent & active


And london s economy is nationally dominant
... and London’s economy is nationally dominant

Source: Brookings Institute 2012, IMF 2012


Although higher resi price bands are most global
...although higher resi price bands are most ‘global’

Source: Savills (2010-2013)


Why london
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


Global purchasers are not a new phenomenon
Global purchasers are not a new phenomenon

Source: Savills Research




So is lights out london real
So is ‘lights out London’ real?

Source: Savills Research


Is london overheated
Is London Overheated?

Source: Savills World Research


Price growth varies across london
Price Growth varies across London

Source: Land Registry


So non prime london still looks good value
... so non-prime London still looks good value

Key drivers:

  • quality of place

  • travel time to centre

  • Source: Savills


So expect more of this
... 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