We are also seeing, as predicted, a surge in interest from overseas clients, mostly investors. They are keen to take advantage of ‘cheap’ Sterling and asking prices that have dropped approximately 20% in prime central London over the last 18 months.
London is perceived as a very appealing place to purchase property for long term capital growth and investment. With the strong dollar/euro and instability across Europe with its various impending elections, London has quickly bounced back into focus for savvy property buyers. This is despite the looming Brexit and triggering of Article 50 which is having little immediate impact on the London property market.
However, these are uncharted waters and, whilst Stacks London Property Search believe that there are some very good opportunities out there, we would certainly advise caution and reiterate that a purchase as important as this should always be made with experienced representation from an independent buying agent.
We believe that using a buying agent is now more essential than ever, not only for the purpose of finding the property itself, but also negotiating the best price and navigating the precarious and complex conveyancing process.
If you are thinking of purchasing an investment, family home, or pied a terre, do please contact us for unbiased view of the market, and professional and independent advice.
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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