Struggling pound livens up the London housing market

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.

London luxury-homes revival may be hit by bonus curbs

The curb on banking bonuses in Britain may well lead to a stunted recovery rate for London’s luxury property market.

In a new piece for Bloomberg this week, we share our thoughts a top buying agency for prime central London property:

“The curb on bonuses will result in there being less competition,” said Camilla Dell, Founder of Black Brick buying agency. “Price rises are bound to be lower if you cut off a large chunk of the buyers.”, she continued.

Read more in the full article here.

Downturn’s upside: For those with money, London’s cheap

“London is looking really attractive as an investment,”, said Black Brick Founder, Camilla Dell this week in McClatchy Newspapers.

Reflecting on the recent reports that London is becoming a sought-after hotspot for wealthy property investors looking for a good deal, Camilla shared her insights as a top buying agent for prime London property.

She pointed to a “triple whammy” of factors: falling property prices, the pound’s plunge and low interest rates as a key reason behind the growing interest.

Read more in the full article here.

Exchange advantage

“The dramatic slide of sterling against the euro and other currencies since the start of last year has created big winners and big losers in the world of residential property”, a new article in The Financial Times has reported.

Sharing our perspective as a top buying agency for luxury London property, Black Brick Founder, Camilla Dell was delighted to feature her thoughts in the piece:

“We’re seeing a big increase in Middle Eastern, African and other dollar-linked buyers, who are now showing strong renewed interest in the London market as a great investment opportunity,” she said.

Read more in the full article here.

Thank you, Darling: How to take advantage of stamp duty changes

The UK Government’s latest overhaul to the stamp duty tax system is set to help first-time buyers and low-earners to get onto the housing market.

Whilst it may be a little early to tell, evidence over the past week is showing that it may just have worked.

Sharing our advice as a top UK buying agency, Black Brick Founder, Camilla Dell offered her insights in an article all about the stamp duty changes this week in The Independent:

“In a softening market it’s likely that similar properties may have sold for less,” she said. “Armed with this evidence will put buyers in a good position to negotiate. If buying from a developer, find out its financial year-end date – developers want to get as much stock sold before year-end and they may make a substantial discount.”

Read more in the full article here.

Non doms: The nom-dom who will soon be on his bike

New tax changes in the UK are set to create an “exodus of foreign residents”, a new piece in The Telegraph has revealed.

With many left feeling apprehensive about the future of the UK property market since these latest changes were announced, Black Brick’s Founder, Camilla Dell has weighed in on the debate:

“[I believe my] clients are more worried by the CGT changes than the 30,000 levy. I have clients with multiple investment properties in London who, after April, will have to pay CGT, and are planning to sell before then” she said.

“The result will be that we’ll suddenly have a lot of non-doms selling at the same time and there’ll be more choice and flexibility at the top end of the market, something we haven’t seen for the past 18 months.”

Read more in the full article here.

Singular Aspirations

“Women are now arguably being paid as much as or more than men in the professional world”, our Founder, Camilla Dell has argued in The Financial Times this week.

As a successful business woman herself and owner of the renowned buying agency Black Brick, Camilla has long been beating the drum that women can be, and often *are* just as successful as men in the UK.

“Successful female bankers, hedge fund managers and saleswomen – particularly women in property – are creating a new single woman status”, she said.

“[I] first noticed single women making their mark on the market about five years ago […] increasingly they are looking for the same things as men – a cool pad with space where they can entertain their friends and have dinner parties.”

Why? The answer is simple. “Women are staying single for longer and are empowered to buy on their own and own the ultimate female bachelor pad”, she explained.

Read more in the full article here.