In prime central London 482 properties were sold during the first quarter of 2016 according to Strutt & Parker. This was an overall decrease of 21% when compared to the same period in 2015. The 2015 figure was also low due to the uncertainty caused by the General Election and fears of a Labour victory/mansion […]
Discover Why Press Reports on London Property Are Dangerously Inaccurate
Journalists, city analysts and economists continually fail to accurately predict what will happen in the market. In the worst instances they can’t even tell you what is actually happening. For example, here are some quotes from newspaper articles: 2000 – “Housing-market experts, from estate agents on the ground to analysts in the high-rise city banks, […]
February Prime London Property Update
To begin with, here are some stats, facts & points of interest on the London property market: Lendinvest a peer to peer mortgage lender has just passed the £500m mark for lending since it was founded in 2013 (City A.M.) Over 150 cranes are operating in Zone 1 at the moment (Estates Gazette) Banks are […]
London Properties To Avoid Buying in London in 2016
2016 is going to be an exciting year full of volatility: Global stock markets are due a (severe) wobble after a relentless period of growth. Low oil prices will be a boon for many but a disaster for others Property prices in much of Asia have exploded in recent years. Will this echo the house price […]
Don’t Fall for Estate Agent Pressure Tactics
Catchphrases, soundbites and sayings. They may sound pithy and clever but often they obscure the truth. An estate agent recently said to me that “He who hesitates is lost”. He was referring to a nice apartment that has just become available and that it would sell quickly. I expect he may be right. However, this […]
Asking Prices Fall in London
Asking prices are down 0.5% according to Rightmove. This is hardly a gargantuan swing in the market. Nevertheless, it shows that there is a definite mood change. Indeed there has been a huge increase in the number of price reductions (or price “adjustments” as the agents like to describe them…) in the past month. As […]
Prime London Property Report – January 2014
Implosion or Explosion? Will property prices in PCL continue to rise or are we on the edge of a cliff (or a gentle decline at the very least)? Firstly, Happy New Year. I hope you are full of vim and raring to grasp 2014 by the horns. I for one have started the year considerably […]
Prime London Property Report Q2
Quantitative Easing For Property – Inspirational Policy or An Act of Insanity? Facts & Figures International buyers now account for 39% of the prime London residential market. Most of them (85%) live and work here (Savills) The prime residential sector is up 58% since 2008. Savills estimate that approximately £37 billion has flowed into London […]
Knightsbridge Real Estate Guide
Knightsbridge is famous for its luxurious residential real estate and its designer department stores. Knightsbridge is one of the most attractive and unchanged districts in London. It is home to 275 listed buildings, many of which are grand Victorian mansion blocks and garden squares to accompany them. There is an abundance of culture-rich restaurants boasting […]
Chelsea Real Estate Guide
Chelsea has seen a diverse change in its culture since the 1800s, from being known as London’s bohemian quarter with poets, painters and radicals as residents, to the upbeat atmosphere of the 60’s with the Beatles and Rolling Stones as its residents. Nowadays however, it is known to be home to the infamous Sloane Ranger, […]