Buying in London

Just as you think the London property market can not shock you, it does!



The last 9 months have been an extraordinary period for prime London real estate. Some properties have increased by as much as 60% in value.



Properties refurbished by developers are achieving record prices. Buyers are paying huge premiums to avoid the pit falls of refurbishing and the privilege of living in designer homes.



Increasingly, demand comes from buyers with nothing to sell. These are either foreign or affluent couples deciding to live together and keeping their own homes as investments.



A buyer, in prime London, will have had a fair share of disappointments by now. Competition is fierce and sellers can’t even commit to an asking price most things are in the region of……or in excess of and so on.



A growing number of educated buyers have realized that the best way to find your dream home and not make an expensive mistake is to employ a professional to represent you and advise you.



Sellers also prefer buyers who are being professionally represented, it shows commitment.



One agent said about September 07 " prepare for a money war!" the talk is that hedge funds have paid a lot of money out this year so hefty bonuses are on the horizon.



So long as London remains a vibrant and multi-cultural city with a financial centre,real estate will remain strong.



Prime London property is always on the shopping list of the rich and powerful.