So, why the optimism given the impending Brexit? Over the last two years, the London Property market has been stymied by the stamp duty changes, general election, a referendum and, of course, Brexit itself. However, with prices now as much as 20% off the peak of 2007 in Prime Central London, along with interest rate rises albeit small ones, pent up demand and a presumably election- and referendum-free year ahead has propelled both residential and overseas buyers back to the London property market.
Many of the clients Stacks London are currently finding properties for believe vehemently that post Brexit once the dust has settled, London’s potential to offer fantastic capital growth will be renewed with aplomb and so many are seizing the opportunity now.
At the lower end of the market and amongst the UK residential buyers, the slight easement of stamp duty at £500,000 alongside the usual reasons to move have given the market in Greater London a nudge, one big enough to cause a ripple all the way up through the market and, therefore, and ease the bottle neck which was previously making it difficult to move.
However, Stacks London Property Finders certainly advise caution – there is a propensity for over-excitement and rushing into buying something and paying too much for it. WE have already had many enquiries from purchasers asking for our services to negotiate on properties which buyers have already found, but want to have professional representation and this is something we are more than happy to assist with.
Using a buying agent is key in these markets to ensure that you are not paying too much and that what is usually the most important and largest financial decision is made with professional and experienced advice.
If you would like to discuss our services and your potential purchase, please do not hesitate to contact us.
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...
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...
As the heat in the sun recedes in London, will the reverse be true for the London property market? As the heat in the sun recedes in London, will the reverse be true for the London property market? With so many factors up in the air, even before adding the ‘B’ word...
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...
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