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Home > News > Sales Market Comment Winter 2020 | Plaza Estates London

Sales Market Comment Winter 2020 by Eitan Fox

By Eitan Fox  //  Thu 16th January 2020
After a resounding general election and the uncertainty around Brexit significantly reduced, there is a strong feeling that values have bottomed out, resulting in a build- up of new buyers.


The Prime Central London property market is starting the new decade with greater
optimism, than has been experienced for over half of the last decade.

After a resounding general election and the uncertainty around Brexit significantly
reduced, there is a strong feeling that values have bottomed out, resulting in a build-
up of new buyers.

This has been reflected in the pound making gains.

A free trade agreement is still to be negotiated between the EU and the UK. The
government has pledged not to extend negotiations beyond the end of 2020,
meaning, leaving with or without a trade deal.

Therefore we anticipate moderate increases in the market over the next few years.
The last quarter Plaza Estates experienced a successful, higher than anticipated
turnover of business.

Whilst we remain prudent, Plaza Estates are confident that prices will improve as will
activity later in the decade and London will cement it’s number one status to invest
your money.

All the fundamentals are in place. It may be too early to shout ‘Boris Bounce’ but
with low property inflation in the previous decade, historically low interest rates, the
next decade could produce sizable gains in London’s prime residential property
market.

Offices at

Marble Arch
29 Edgware Road
London
W2 2JE
f: 020-7258-3090
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London
SW3 1NU
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