Designer

After several muted years, Prime Central London is once again making headlines-this time for positive reasons. Increased activity in Mayfair, Marylebone, Kensington and Belgravia suggests the ultra-prime sector is recovering from prolonged political and economic uncertainty. Buyers from the US, Middle East and Southeast Asia have re-entered the market with confidence, driven by favourable exchange

With a general election expected later this year – London property market policy is back on the agenda. From capital gains tax to planning reform and overseas buyer levies – all eyes are on party manifestos. At Ernest-Brooks International, we are already preparing clients for potential changes in landlord regulation, stamp duty and development incentives.

The start of 2024 saw continued recalibration in Prime Central London following the Bank of England’s interest rate increases in 2023. While some buyers initially paused, Ernest-Brooks International has noted a resurgence in strategic acquisitions, particularly among international investors seeking stability in London’s core postcodes. SW1, W1 and NW8 remain top performing areas, underpinned by

Nearly 65,000 properties were marketed between the 8th December and the 11th January, most after the election. This being the largest monthly rise recorded at this time of year, it would appear that many of these new sellers are feeling a surge of optimism. Buyers are also optimistic, with a jump in demand since the

March 2020 update: Once the lockdown restrictions ease, activity levels will likely rise, possibly to levels in line with the usual busier seasonal periods in Q3 and Q4. Sales agreed are currently 4% higher than pre-COVID-19 levels – despite prolonged market closures in Scotland, Wales and Northern Ireland Increased levels of demand, and a reduced availability