London Property - Home of Super Prime

London Property Market Insights with Jeremy Davidson on Post-Election Trends and Future Predictions Q4 - 2024

London Property - Home of Super Prime

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Jeremy Davidson dives into the current state of London's property market post-election, highlighting:

  • Cautious Market: A "wait-and-see" approach due to unclear budget outcomes and a new socialist government.
  • Buyer-Seller Disconnect: Vendors' high expectations clash with buyers' caution, but cash purchases continue.
  • Shift in Transactions: Move towards necessity-based buys, favoring houses over apartments.
  • Mortgage Rate Impact: Rising rates may lead to increased mortgage stress.
  • Foreign Influence: Active investment from the Middle East and India.
  • Developer Challenges: Profitability issues lead many to focus on private clients.
  • Rental Market Shifts: Planning restrictions and a significant portion of properties becoming rentals.
  • Future Outlook: Emphasis on positive government rhetoric to boost market sentiment.

Stay tuned for more insights on the London property market! 🏙️🔍

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