Latest London property market news & updates

As 2023 comes to an end, we may be seeing some real ‘green shoots of recovery’ on the horizon for the UK economy, as recently released data suggests a more positive outlook for 2024. The final quarter of 2023 is seeing inflation dropping, interest rates peaking and the continuing resilience of the UK housing market. …

Continue reading “Welcome news for UK economy as we head towards 2024”

There’s cautious optimism for UK homebuyers, with mortgage interest rates stabilising and lenders now reducing rates on fixed mortgage deals. So, anyone moving home or remortgaging should soon be under less pressure. It comes after the rate of inflation remained at 6.7% in September, according to the ONS (Office for National Statistics) due to food …

Continue reading “Cautious optimism for homebuyers as mortgage interest rates stabilise”

Created with a profound understanding of the unique needs and preferences of Chinese property investors, landlords, and the BNO community, our China Desk emerges as a bridge connecting East to West in London’s dynamic property market. At the helm of our China Desk is the accomplished Penny Cheung, whose vision and expertise have been pivotal …

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We’ve seen welcome news for the UK economy and the UK property market this month. First, the Bank of England has maintained the interest rate at 5.25%, bringing to an end the longest successive run of interest rate rises – 14 in total – in recent times.

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Many investors are cash buyers – over half the buyers investing in Zone 1 properties pay cash so they’re less impacted by wider economic uncertainty. They recognise the current situation is just another passing storm – and it will pass.

There’s good news for the UK economy as inflation fell to 7.9% in June, down from 8.7% the previous month. The Bank of England has increased interest rates 13 times since December 2021, aiming to slow soaring prices, but with inflation at its lowest in over a year, it is under less pressure to further …

Continue reading “International investors driving demand for London property”

Welcome to Queen’s Park, one of London’s most sought-after neighbourhoods in Zone 2 that has become increasingly popular with homebuyers and investors. Tucked away from the hustle and bustle of tourists, this charming area in North-West London offers a peaceful oasis with a strong sense of community spirit, making it an ideal place to call home.

London property sales market remains resilient after recent interest rate rises
Demand for properties in London remains stable although we expect recent interest rate increases to have an impact on market confidence over the coming months.

The London housing market is really stepping up a gear as we enter the busy summer months. Buyers are showing increasing confidence now that mortgage rates have stabilised and gloomy economic forecasts have thankfully failed to materialise. So the outlook is positive.

Landlords need to be very careful and be sure they have declared all their property income on their UK tax returns and paid all monies due. Whether an underpayment is intentional or not, HMRC can now collect the tax due PLUS interest PLUS a impose a whopping 200% fine.

Most new builds offer buyers a harmonious blend of open green spaces, modern amenities, proximity to excellent schools and a welcoming community — making for tranquil locations amidst London’s hustle and bustle.