South London’s Clapham might just have reached its peak, with many of its home owners choosing to stay in the area and creating a neighbourhood that others “aspire to join”.
Sharing his thoughts as to why he believes the central London’s slowing market will soon begin to affect Clapham, Black Brick’s Partner Caspar Harvard-Walls has featured in The Financial Times this week:
“Prices in the best areas of prime central London are down 7.5 per cent since the 2014 peak and it’s my belief that what starts in [the centre] will filter out into outer-prime London, which includes Clapham. By the end of 2016, I expect the best stock in these outer-prime locations will have seen a price drop of up to 10 per cent.”, he said.
Read more in the full article here.