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After experiencing years of instability that reduced the river of foreign money that previously poured into the metropolis, the London real estate market is preparing for a key 2023. According to MSCI statistics, foreign investment in London real estate reached £12.4 billion ($15 billion) in 2022. Foreign investment dropped significantly from £30.5 billion in 2015, before the twin shocks of Brexit and the COVID-19 outbreak. Uncertainty about property prices as interest rates increase and after political upheaval precipitated by September’s mini-budget threatens London’s longstanding ability to attract vast tracts of foreign investment. MSCI figures reveal that in 2022, foreign investors

A lot may change in a year. Real estate markets throughout the globe were facing high prices, little supply, and significant demand at the start of 2022. Since central banks started increasing interest rates this spring, the outlook for 2023 has shifted substantially. Even while house prices are dropping and properties are sitting on the market for longer than usual, many professionals see this trend as more of a normalization rather than a correction. From March 2020 to March 2022, business activity and price increases were relatively high. In fact, it has already begun. Knight Frank found that the annual