Having now reached the traditionally busy time of the New Year, with Christmas trees disposed of, Stacks London property finders are already talking to plenty of UK residential buyers looking to make their next home move. There are particularly high levels of interest in the traditionally popular suburban areas of Hampstead, Islington, Richmond and Wimbledon.
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.