London has become the property “safe haven of the world”, says Jones Lang La Salle’s European chief executive Christian Ulbrich.


London was also developing into “one of the hottest cities in the world”, Ulbrich said. However, he warned that demand for multi-million-pound homes had created “ghost towns” in some of the most affluent parts of the capital because overseas investors bought properties and left them vacant. This was putting many shops and small businesses in danger of closure.