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London Property - Unlock Property Wealth
PROPERTY WEALTH - TRANSFORM CHALLENGES INTO OPPORTUNITIES
With Specialist Knowledge and Reach
London Property is a digital marketplace that aims to address inefficiencies and
complexity in the London real estate market. The company provides informative
and educational content from industry leaders through podcasts and videos, with
new content released weekly.
The platform covers various aspects of the real estate experience, including buying and selling, finance, law, tax, construction, design, and more. The goal is to provide users with the resources and connections they need to make informed decisions and navigate the property market, with a focus on personal recommendations.
The company provides informative and educational content from industry leaders through podcasts and videos, with new content released weekly.
Stay ahead with weekly news bulletins on what is shaping the property market.
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London Property - Unlock Property Wealth
London Real Estate market update with heads of resi research at Knight Frank & JLL - Market Update June 2024
The London real estate market is experiencing a slowdown due to higher mortgage rates, affecting transactions, especially in central London. However, the rental market remains strong. Experts predict that property prices will remain flat for the next 12-24 months, with a potential increase in 2025 as mortgage rates decrease.
Political uncertainty and potential tax reforms are impacting the wealth management sector, causing some landlords to exit the market due to concerns about debt and taxes. The market for new residential developments in prime central London is limited by a lack of available sites.
Key points:
- Flat property prices predicted over the next 12-24 months, with a potential rise in 2025.
- Political and tax uncertainties are influencing market dynamics and investor decisions.
- The rental market is stable, but landlords are cautious, awaiting clearer policies.
- Developers face challenges due to limited opportunities for significant new projects.
- First-time buyers are more active, but overall market activity remains subdued.
Action Items:
1. Monitor the first budget from the new government for tax policy clarity.
2. Watch for changes in inheritance tax policies for non-UK trusts.
3. Track applicant numbers and listings to gauge market activity.
Overall, while the market is currently in a holding pattern, future developments in government policy and mortgage rates will be critical to watch.
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