In the Press

Struggling pound livens up the London housing market

LONDON — A three-bedroom, 2,300-square-foot apartment recently went on the market in London’s fashionable Eaton Square and an Italian buyer immediately snapped it up for £5.65 million — a surprisingly quick sale in what has been a flat market.

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The euro’s seeming dominance over the pound is starting to attract interest for the London property market from wealthy buyers in Europe…

As a top London buying agency specialising in supporting wealthy clients to secure high-end property in the capital, we were delighted to share our perspective (and experience) on the growing number of European investors interested in London homes.

“Property price fluctuations in the next few years would depend on unemployment, interest rates and mortgage availability.”, Camilla Dell, Black Brick Founder shared in The Telegraph.

“Once interest rates start to go back up, it is likely we may see a large number of properties come onto the market in London, and this could put a stop to the recent price rises we have seen over the last few months,” she continued.

Read more in the full article here.