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Scottish No to Independence

By Andrew Ellinas LL.B.Friday, 19 September 2014

The Scots' resounding No to independence removes the uncertainty that was already producing currency fluctuations that were causing concern for foreign investors in Prime Central London. Now the position is clear, the PCL property market is likely to strengthen.  

In the long term, however, the PCL property market is too strong to be affected much by events north of the border. To super-rich in Russia, China, South America, the Middle East and, increasingly, Africa the threat to peace and property prices from the Scottish independence movement is nothing compared to the armed conflicts in their regions. Having a referendum to decide if the United Kingdom is to split looks like a triumph of democracy and stable government to anyone in Iraq or the Ukraine.

London property remains one of the most secure investments anywhere in the world, and the wise decision by the Scots only reinforces that position.

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