London Property - Home of Super Prime

Prime Central London Market Trends: Kris Ericsson on £10M+ Sales, Rental Yields, and Future Price Predictions Q4 , 2024

London Property - Home of Super Prime

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Kris Ericsson discusses the post-pandemic real estate market in prime central London:

  • Market Divide: Properties over £10M are thriving with discounts, while the £1M-£5M range faces a stalemate due to pricing and affordability issues.
  • Rental Yields: 32.5% above pre-pandemic levels, but rising costs impact traditional landlords.
  • International Buyers: Dominated by Indians, who make up 40% of the 25% international buyer market.
  • Future Predictions: Despite macroeconomic uncertainties, a 4% price increase is expected by 2025.

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