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Sales Summer Market Comment by Eitan Fox 2017

Sales Summer Market Comment 2017 by Eitan Fox

By Eitan Fox  //  Fri 14th July 2017
Sales Summer Market Comment 2017 by Eitan Fox
The last couple of months has seen greater activity with many existing clients coming back to invest in London property. The lure of the weak pound for dollar and euro based buyers plus the most recent political unrest in the Middle East has sent investors returning to the safe haven that is prime central London residential property. Amongst all this we have had another election which proved once again in politics the only thing you can be certain of is uncertainty. This phenomenon is a reflection of the mediocre political candidates and in our opinion in no way reflects the popularity of London and the security and quality of life that it offers. Comparing London globally, economically and politically, we are still in far better shape than other nations. Certainly since Brexit the price corrections over the last couple of years have absorbed the stamp duty increases and the price of property is more in line with buyers expectations. We have seen a greater amount of transactions being completed and we anticipate this trend to continue and our forecast is optimistic.