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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.

Sales Director (Knightsbridge)

I started at Plaza Estates in 1986. Eleven years were spent successfully running the Marble Arch office. Subsequently, I was asked to take on the exciting challenge of running the Sales Department in our Knightsbridge office. I have built an experienced team with the ethos that local knowledge, hard work and professional service will always provide success to our clients. With ever changing technology of which Plaza Estates are at the cutting edge of, I have often been asked, with over 30 years in the business, how I retain my enthusiasm? I am delighted to say many of our multi million pound clients are genuinely my friends and I have a great passion for people. My staff and I never forget that this challenging industry ultimately is a 'Peoples Business'. Therefore I would welcome the opportunity to help you with your property needs and hope you will allow our fully equipped and motivated team to provide you with their professional assistance.

Contact: [email protected]