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5 Things You Need to Know About the London Property Market Now

With Brexit postponed yet again, here are 5 things that property investors need to know about the London property market now. 

Another Brexit postponement is on the horizon. 

Last night, for the very first time, the House of Commons voted in favour of the Withdrawal Agreement Bill (the main Brexit legislation), after rejecting PM Boris Johnson’s second attempt to push through his new Brexit deal vote on Monday. However, MPs rejected the Parliamentary timetable to scrutinise the Bill in 3 days. A colossal Bill such as this typically takes weeks to pass Parliament, thus Mr Johnson’s plan to have Brexit done and dusted by 31 October was always a tough ask, to say the least. 

The Bill has now been paused and the EU has indicated that its acceptance of the UK’s request for another Brexit delay

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Construction Update – Elizabeth Tower (March 2019)

On behalf of the developer, we present to you an update from the construction site of Elizabeth Tower in Manchester, UK, as of March 2019. Kindly click on the image below to access and flip through the update.

FLASHBACK: Elizabeth Tower

Elizabeth Tower is set to create a new image for Manchester. Located at the gateway of the city centre, its 52-storey tower imposes upon the skyline of the city, offering breathtaking views from spacious apartments.

It’s situated close to the city’s key economic hubs and vibrant leisure attractions, with easy access to transport links. Deansgate Railway Station is just 5 minutes by foot, while Spinningfields, Manchester’s central financial district, is a 14-minute walk away. By car, MediaCityUK is 7 minutes away, while Manchester International Airport takes 16 minutes.

Residents will find a gym, residents’ lounge, co-working space and communal hub, and one of the highest swimming pools in Western Europe on its 44th floor. Restaurants, cafes and a selection of retail can also be found on the ground floor.

Project Highlights

  • 1-3 bedroom apartments
  • 44th floor swimming pool and garden, gym, residents lounge, co-working space and communal hub
  • Podium-level retail space
  • Car parking space available

Investment Highlights

  • No. 1 prospect for residential price growth (JLL)
  • Highest retention rate of students after London (JLL)
  • 7% gross annual yield*
  • 5-min walk to Deansgate Station
  • 14-min walk to Spinningfields, Manchester’s central financial district
  • 6-min drive to Old Trafford, home of Manchester United
  • 7-min drive to MediaCityUK
  • 16-min drive to Manchester International Airport
  • Prices from £240K

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260 (MY); +65 3163 8343 (SG)