“The playing field has changed substantially”, Black Brick Founder & Managing Partner, Camilla Dell told PrimeResi this week.
Speaking on the current (rather turbulent) global financial market, Camilla sat down with PrimeResi for a new article about how Trump’s tariffs have caused chaos for London’s prime central property market.
“In 2008–2009, we saw a clear flight to safety,” Dell said. “At the height of the global banking meltdown, with names like Lehman Brothers, Bear Stearns, and AIG dominating headlines. Many of our clients turned to London property as a tangible, stable alternative to volatile stocks and bonds. Activity surged, driven both by opportunists and those seeking the security of bricks and mortar.”
This is not the case today, however. “We don’t anticipate a sudden rush of overseas buyers flooding the market, despite the current financial volatility,” Camilla commented, despite Black Brick seeing “notable momentum from UK domestic buyers those upsizing, downsizing, or purchasing second homes.”
Read the full piece here.