Particular towns and regions in Britain are starting to see pre-pandemic transaction levels, Ruth Bloomfield writes in The Telegraph this week.
Sharing his insights into why this may be happening, Black Brick partner and experienced property expert Caspar Harvard-Walls shared:
“In early 2019 we had Theresa May as prime minister, we were going through the agony of Brexit, and there was the worry of Jeremy Corbyn becoming prime minister. Confidence was very, very low, and transactions were low. Comparing now to then is a comparison to a real low point.”
“Overseas buyers have certainly been returning to London. They are not worried about interest rates, it is all about confidence, and they are also benefiting from the weak pound. A lot of domestic buyers in these areas work in the financial markets and have done really well in the last couple of years so they also have money to spend.”
Read the full article here.