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Latest London Property News – April 2017

Latest research shows that property values in the prime London residential market are bottoming out and finding their level as the rate of decline has notably slowed in the first quarter of 2017. Prices across all prime London reportedly fell by 0.3% in Q1 this year, compared to 2.2% in Q1 last year. This places values 6.1% below the market peak of 2014. Continue reading “Latest London Property News – April 2017” »

Latest London Property News – March 2017

There’s certainly no dull moment in the central London property market; currently buyers are passing added buying costs such as stamp duty back to vendors, some vendors are pricing realistically and selling whilst others continue to stand their ground. One thing for certain, is the increased levels of buyers in the market looking for ‘Brexit bargains’. Continue reading “Latest London Property News – March 2017” »

Latest London Property News – February 2017

According to the Financial Times, the London residential property market is now improving – with the number of homes under offer in some of the British capital’s most expensive postcodes being the highest since the Brexit vote.

Without a doubt, a rising interest in buyers from China is partly behind the recovery. As we revealed in 2016, London received a record £4 billion in property investments from China over the course of that year. Continue reading “Latest London Property News – February 2017” »

Latest London Property News – January 2017

Buyers are currently faced with several factors influencing their decisions in the London residential property market – the two most discussed being Brexit and sterling. Ignore scaremongering – the London property market is still a good bet for international investors. Although Brexit is causing uncertainty, there are strong reasons to look to the London real estate market. Uncertainty breeds fear but fear can be an investors best friend. As Warren Buffett once said, Continue reading “Latest London Property News – January 2017” »

Latest London Property News – November 2016

Prime Central London property prices fell by 0.4% in October, with an overall annual decline in prices to 2.3%. On the bright side, while prices may be falling, there is early evidence of increased demand from buyers.Sales volumes between £2m to £5m, for example, which is a bracket that has been hit relatively hard by previous stamp duty reform, were higher in October than in any month this year. Continue reading “Latest London Property News – November 2016” »

Latest London Property News – October 2016

Many informed industry experts still believe London is the safest haven in terms of property for your money. People like to own physical assets and at present there is a structural shortage in London, and in the country. The fact that we had a referendum, the result being right or wrong, gives a voice to a nation which Europe has resisted in the past. Continue reading “Latest London Property News – October 2016” »

Latest London Property News – September 2016

The last three months post referendum have been challenging in determining the status of the residential property market in Prime Central London, with transaction volumes 40% lower than this time a year ago. For UK buyers prices are lower, and overseas buyers are enjoying price falls plus a more advantageous exchange rate, spending even less. Those buying in dollars or dollar pegged currencies are paying around 30% less than that of the peak of market in 2014. Continue reading “Latest London Property News – September 2016” »

Latest London Property News – August 2016

The London property market has seen a challenging last couple of months from the introduction of new stamp duty rates in April and the EU Referendum in June. That said, there has been little change in prices. According to data experts LonRes, buyers are now paying on average 6% less for homes under 2m, and 10% less for homes over 2m. Buyers adopted a wait and see approach in the run up to the referendum. Continue reading “Latest London Property News – August 2016” »

Latest London Property News – July 2016

Since Britain’s decision to leave the European Union on June 23rd, our economy is still waiting for the dust to settle. The Government’s swift appointment of Theresa May as our new Prime Minister is certainly positive and many of us now look forward to economic recovery. The pound hit its lowest level against the dollar in 31 years, the UK-centric FTSE 250 has swung like a pendulum and estate agents have reported a slowdown in activity. Continue reading “Latest London Property News – July 2016” »

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