Since ‘Black Monday’ the turmoil caused by China’s free falling stock market has had a knock-on effect on the world’s currency markets; largely due to quantitative easing measures across the US, Europe and Australasia.

When China devalued the Renminbi in August the emerging markets reliant on the Chinese economy suffered the worst. Consequently, neighbouring nations felt the pain with Indonesia’s currency hitting a 17-year low along with the Taiwan Dollar and Thai Baht falling to their lowest levels since 2009.

The Austalian Dollar fell below US$0.70, the lowest in six years, prompting concerns the country will face its first recession in a quarter of a century. Australia’s historically low interest rates, designed to encourage domestic spending, have fueled a housing boom.

What this illustrates to me is that local economies are on the extinction list. We are all living in a global economy and when a large nation catches a cold, the contagion spreads like chickenpox in a kindergarten.

For individuals seeking to protect and preserve the value of their wealth, bricks and mortar is seen as a safe haven especially within markets that boast healthy economies and stable political landscapes. On a global scale, this often means looking outside domestic housing markets.

Each month, Colliers International tracks the house price indices measured by financial providers such as Halifax and Nationwide, as well as the Government’s Office for National Statistics data. Since the beginning of the year, British property values have risen by 5.7 %. What this indicates is that the UK has one of the world’s strongest and safest housing markets.

London, itself, leads the British property market with average sales prices recorded at £488,782 (as at July 2015), up 5.67% year-on-year compared to England and Wales average value of £183,861, a 3.74% increase during the same period.

With international market turmoil continuing, my money is on a surge of London property sales throughout the oncoming six to twelve months.