I bet not many people at the beginning of the year saw that one coming. First Brexit then the Trump Presidential victory.
I bet not many people at the beginning of the year saw that one coming. First Brexit then the Trump Presidential victory. At this early stage, I am a little vague as to how it will pan out but my instinct is that it is bad for the European Federalist Dream. The results of various upcoming European elections could well reflect similar popular dissatisfaction with the established order.
It is interesting to note that since the Brexit vote, our weaker pound has contributed in good part to four out of our last five sales. It may well be that some American buyers who have been thinking of a London base will look again at London property investment as a way of hedging themselves against whatever political and economic uncertainties lie ahead in their homeland. We have seen similar recent activity from our Europen buyers.
Our local Central London market is coming into its natural year end lull but there are deals to be done. Both buyers and sellers are realistic and understand the current dynamic. Several of our most recent instructions have come to us having tried higher elsewhere and I am confident that we have the experience in this office to ride out the turbulence.
In a way I am pleased that the market conditions and economic and political landscape has become much more challenging. It allows those of us with real local experience and relevant background to offer the value-added service that our clients and buyers expect and may not find elsewhere.
If you are looking for a little less flannel and a lot more insight, please do get in touch with the sales team here.
Marylebone & Mayfair
0207 467 5770