EVENT: Annual Real Estate Seminar
Date: 10th July, 2019 - 11th July, 2019 Time: 06:00 pm - 09:30 am
The annual real estate seminar is one of our most popular events and this year were had turn away many applicants after our maximum capacity of 120 attendees was reached.
Liam Bailey, Knight Frank’s Global Head of Research, opened proceedings with a review of trends in the London property market. While recognising that the London property market is affected by the Brexit and domestic political uncertainty, he noted that other global property centres, such as Hong Kong and New York have also been facing challenges, either from political events of new tax regulations. Knight Frank’s research indicates that there is considerable investment money waiting for the right time to buy London property.
Bassam Khazen of National Bank of Kuwait International then described how the financial returns available to investors differs between London and non-London property, and Nathan Williams of Trowers and Hamlins explained how the recently-introduced Non-Resident Capital Gains Tax will affect the profitability of UK property investing for overseas buyers. Trevor Norman of Jersey-based VG explained how Jersey legal structures can easily be adapted to conform to Shari’ah requirements.
Finally, Andrew Jones gave an update on the Battersea Power Station development project which is transforming the south bank of the Thames opposite Chelsea and Knightsbridge.
The questions and discussion after the presentations was particularly lively, with several real estate experts in the audience giving their views on the health of the London property market, and in particular the prime and super-prime segment.
Presentations from the seminar are attached below.
The event was sponsored by National Bank of Kuwait, VG, Trowers and Hamlins and Battersea Power Station.
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