Finally, some good news in the super prime London Property market

It is official we are all bored of Brexit and need to move on. Those willing to deal at sensible prices can have their dream homes. Its moving season.

Rightmove reports that new to market properties have increased for the first time this month (ok its 1.1%) but its good news. The first increase since 2016 – (Brexit vote year).

Family homes have held their value and increased by 0.7% compared to 0.1% fall nationally. Family needs outweigh political uncertainty making Brexit a little blurry.

Rightmove- “Family home sector outperforming other sectors in key metrics as their housing needs outweigh uncertainty”.

London has an iconic status and for many, it is a lifestyle choice more than just a financial deal.

The British Education, Health, Judiciary and Financial systems have huge appeal and value; they bring much-needed certainty to millions of overseas investors exposed in their own countries. London means security for many people from all sorts of backgrounds.

Miles Shipside, Rightmove director and housing market analyst comments: “The rise in new seller asking prices reflect growing activity as the market builds momentum, egged on by the arrival of Easter. Some sectors of the market and some parts of the country have strong buyer demand and a lack of suitable supply. However, on average, properties are still coming to the market at slightly lower prices than a year ago. It’s one of the most price-sensitive markets that we’ve seen for years, with buyers understandably looking for value or for homes with extra quality and appeal that suit their needs.”

2018 was tough but everyone survived – not so doom and gloom after all. 2019 has certainly seen a new boost of energy. Market opinion amongst super-prime property professionals is that the bottom is here and early birds will catch the worm.

We are fortunate to have 2 exceptional opportunities, it’s not easy to find low- built homes and we have two! Largest being 5500sq feet with an incredible garden, garage and off- street parking.

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alace Gate manages all aspects of property ownership and complex lifestyles.

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