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Sales Autumn Market Comment 2017 by Eitan Fox
By
Eitan Fox // Thu 26
th October 2017
Many have anticipated the signs that the pound could further improve, getting closer to it’s pre Brexit position.
Entering into Autumn we have seen greater signs of positive activity. We have taken
on more instructions at more realistic price levels. The pound has strengthened
against the dollar and the euro, although sterling is still 14% lower than its rate post
Brexit.
We have had significantly more interest from buyers entering back into the prime
Central London property market. Many have anticipated the signs that the pound
could further improve, getting closer to its pre Brexit position and this has brought
confidence back to the market plus buyers feel they do not want to miss out on the
still advantageous rate of exchange.
As more and more vendors accept the position of the market, buyers are recognising
the opportunities the market can offer.
Certainly there is still caution but this is also tempered with optimism.