Whilst property prices have been depressed over the last 4 years, it does feel that the market could be on the turn.
After a winter of uncertainty and with the Spring months upon us, traditionally it is a time of positive activity. Despite the still unresolved Brexit, the pound has made some recovery against the dollar and euro. We have seen a greater number of enquiries from overseas buyers, compared to the same time last year.
Whilst property prices have been depressed over the last 4 years, it does feel that the market could be on the turn. There has been pent up demand and this has resulted in many more new applicants registering their interest to invest in prime central London.
The shoots of stability could be reversed, but it feels that a great many people are taking a longer term view, especially when there is a distinct lack of stability anywhere else in the world. Fundamentally London is one of the great capital cities of the world and its location and destination for many, with its allure will not waver.
There is becoming an in-balance of supply and demand. Where the Government has suppressed the buy to let market and individual investors and developers, have not been active over the last 4 years, the low stock levels, are driving prices off the floor.
We would recommend that if you are considering investing in prime central London, to do so whilst buyers are still very much in the ascendancy.