Discussing the state and outlook for London housing as U.K. nears the end of lockdown restrictions.
To view the recording, click the image below.
The Summer season is upon us, and whilst London has many visitors from around the globe visiting the numerous attractions London has to offer, it is also well known that these visitors often combine their trips with the possibility of investment into real estate. Throughout the course of the year we have been reporting that Dollar and RMB buyers have been the driving factor behind investment into London and this continues to be the case in the main. However, we have seen interest increasing in the Super Prime levels, with more registered buyers with £20m+ looking for good homes for their families. The unrest and current situation in Hong Kong, has also seen a spike in the number of enquiries coming through for both “end users” and investors, the contributing factor being that London is viewed as a safe haven for investment in property in the longer term. The infrastructure of London’s legal and financial districts coupled with the leading city for education in the world offers investors comfort in acquiring property on a buy-to-let basis, with future capital growth potential.
The North London property market is known for its seemingly paradoxical suburban lifestyle that is indeed situated in the London metropolis. Living north of the river means you have access to the central business district but can still return to a house on quiet tree-lined roads with privacy and parking. We’ve recently taken on two blockbuster instructions. Marlborough Place, St Johns Wood, is situated only moments away from The American School of London (ASL), and has the added benefit of being on 3 floors only, large rear garden, indoor swimming pool and off street parking for up to 4 cars, set behind electric gates (The asking price is £11,750,000). Heathfield House would be ideal for a family that is looking for a stunning 18,500 square foot family residence, sitting on over 2 acres of private grounds (The asking price is £40,000,000) within prime Highgate. While London’s property market has slowed, gaining instructions like these tell us that the market has not come to a standstill and that there is opportunity to find something truly extraordinary. This is an area where celebrities, government dignitaries, and business elite come to call home. With all imaginable amenities, big-name international schools, and the potential for influential neighbours, people aspire to live in North London to grow their families and enrich their lives.
North London is also looking forward to working more closely with a charity foundation, keep on the lookout for the announcement in the coming months! We have a corporate social responsibility to be active in the communities where we live and work.
If you have a client looking to purchase a property, sell or rent, I would be delighted to assist. Please feel free to contact me.
By Lee Koffman
N/NW London – Prime House Sales