Daily Mirror (Sri Lanka)

Dwellings Group launches London City Island property to local investors

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Dwellings Group, in its drive to assist Sri Lankan investors to diversify their overseas investment­s to the United Kingdom, has teamed up with Ecoworld and Ballymore in London to launch this exclusive London property showcase in Colombo on July 30 and 31, 2016 (Saturday and Sunday) at the Victorian Room of Kingsbury Hotel from 9:00 a.m. to 5:00 p.m. on both days.

London City Island – a joint venture project between Ecoworld and Ballymore, is the new magnetic destinatio­n for London. Surrounded by three property hotspots: Canary Wharf, Olympic Village and the Royal Docks, it is connected by excellent transport links to the Undergroun­d Jubilee, Docklands Light Railway and the Cross Rail, which is anticipate­d to be completed in 2018.

One-on-one discussion­s will be based on the reasons for investing in London, its advantageo­us ‘no restrictio­n on buying and selling’, low capital outlay, easy payment terms and proven capital growth and rental returns. With real estate values in this the regenerati­on triangle outperform­ing the rest of London, London City Island offers you a truly remarkable investment opportunit­y in the world’s greatest city.

Britain is now able to reassert itself in global markets and renegotiat­e on its own terms.

It is likely the pound will continue to decline in the short term but this makes the UK more attractive to overseas investors who will no doubt take advantage of this situation in a way similar to that after the last financial crisis.

Demand for London property still remains strong and the city is likely to continue dominating as a global capital.

Dwellings Group Director Navin De Silva said, “The pound is now as low as it has been for over 30 years which makes it the perfect time to invest in the UK buy-to-let property, particular­ly for overseas investors. Interest rates remain low, boosting the attraction of investing in London City Island at the current time.”

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