Tabs navigation
London's residential property market
The International Family Offices Journal
Vol. 1 - Iss. 4 pp. 45–52
Jun 2017
This article is a fascinating read through the ups and downs of the London residential market. A key and highly prized location, London is so often the site of a family's second or third home, making an understanding of the property market quite important. Long regarded as stable, recent policies, taxes, Brexit and the populist movement of 2016 have all caused a new volatility. In the authors' view, London residential property faces unsettled times. They offer a perspective by looking back on the past 20 years to see how London has developed so rapidly and to explain how buyers and investors must adjust to the new landscape of market corrections, slower growth, illiquidity and a more expensive property tax landscape. In summary, the authors state that a slightly ?patchy' picture is emerging. In their view, transactional volumes are likely to remain low until the terms of Brexit and, crucially, the role of the City are defined. Most of these transactions will be needs- driven, rather than discretionary, other than perhaps at the very top of the market. Values are likely to remain broadly flat with further, less obvious falls perhaps, in some prime areas. The authors detail an exceptional knowledge of the topic. They conclude with good news: ?[I]n the medium and longer term, ? it just might be possible that we are on the cusp of yet another golden age for London.?