Uncertainty breeds Opportunities
With the continued political uncertainty still holding its grip on the Prime Central London market, there is a general feeling amongst agents and buying agents alike that the pent-up demand will soon bubble over.
A lack of stock as vendors hold on to their properties until April, alongside buyer nervousness, has led to some excellent opportunities in the London market. Stacks London has recently agreed purchases of 20% and 22% below asking price, as clients seize an opportunity.
If you are waiting to find out what happens with Brexit then you may miss a ‘trick’. Having said this, understanding prices and the market could not be more important at the moment and whilst there are opportunities out there, there is very little new stock coming to the market. There is also a pent-up demand from more than two years of uncertainty which is likely to be released the minute any form of decision is made in Westminster – and irrespective of the outcome.
Whilst it is unlikely that prices will suddenly climb, it is likely that vendors post 29th March (unless there is a delay to Brexit) will ask some rather ambitious prices as they hope that holding off from selling will pay off. In some cases this may be fortuitous, but this is why using an experienced buying agent will be more important than ever as buyers, who need to move, find themselves up against investors looking for good purchasers- particularly those who currently have their money locked up in US dollars.
So, if you need to move now is the moment before everyone else comes to the market, and before vendors start asking for inflated prices!
If you would like any advice or to speak to an experienced professional please call Sara Ransom 020 7458 4511.
You may also be interested in
Summer Market comment 2023
Sara Ransom of Stacks Property Search says: Prime Central London down 10% “Property in prime central London is still around 10% cheaper than it was three years ago, but as much as that might once have made it look good value, in a post-Brexit, post-Covid world, there are many less buyers for...
Spring Market comment 2022
2022 Last year was very much a story of buyers looking for lateral space and being able to work from home, whilst still being able to commute to the office alongside those who made the jump to the country at the beginning of the pandemic and are now missing the lights...
London 2020 trends and 2021 outlook
2020 Sara Ransom of Stacks Property Search says, “Buyer behaviour in London has shown several distinctive changes during the course of 2020. “There’s been a big surge in demand for swimming pools, from large basement pools, to tiny organic-looking plunge pools in small back gardens. Architects have been overrun with holiday-in-your-back-garden demand. “Required...
London Market Comment Spring 2020
After the pause, will the property market be on rewind or fast forward? After many weeks of sitting in our homes, and with a ray of light in sight, Stacks London asks what on earth the property market will do. Up until the end of March, the property market was in full...
Start your property search today
Call us on +44 (0) 1594 842880 or complete the form below
How we can help you
View our property finder services
When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Downsizing or Resizing
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Moving from Abroad
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
Holiday Home Hunt
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Investing in UK Property
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
Subscribe to our newsletter
Receive updates about the world of property, straight to your inbox.
Stacks Head Office
Old Severn Bridge House
Purton, Blakeney
Gloucestershire
GL15 4AX
+44(0) 1594 842 880
