There was an obvious slow down in the UK property market in 2016. Mainly due to the increased SDLT for second home owners and investors, however there was a huge surge of first time buyers with healthy budgets from £495,000 to £1,500,000.
The “Brexit” decision in June left the UK divided and property buyers and sellers alike felt uncertainty about the future of the UK property market. The pound fell to a 30 year low and the political environment overseas “Trumped” the lot.
So what happens next?…
Whilst we expect the market to continue to be cautious going into early 2017, there is still substantial demand for property which is well presented and realistically priced.
The weak pound has been attractive to investors looking to take advantage of the currency hedge. If Theresa May’s promise to keep the UK a global competitor for big business it shouldn’t be long before the pound is strong again.
If you are thinking about selling or letting you property in 2017, please contact Richie Tramontana on 020 7485 1332 or email firstname.lastname@example.org
Featured in MoveToLondon moveto.co.uk on 22nd March 2017. A stunning example of a lateral conversion of two adjoining apartments in Camden Town, NW1. At almost 1,700 Sq.Ft, the apartment boasts a 70 ft terrace with direct access to a communal residents garden.Read more
For almost 30 years Bridgestead Estates worked from 24 Bickenhall Mansions where selling, letting and managing properties was just part of the job; building strong relationships with its residents and landlords was more of the day to day enjoyment of being there. Red had been working closely with Mathew Donavan and Andrea Slatter for a number of […]Read more