With a well-known Chelsea mansion recently selling for £16.5m price reduction, we’ve shared our thoughts into the current UK prime property market in Prime Resi.
In the piece, Black Brick’s Founder and Managing Partner, Camilla Dell said:
“Sellers at every price point, including super-prime, are becoming more realistic. Understanding who you are buying from and their motivation for selling is crucial in order to get the best outcome on price. We have noticed an increase in the number of newly developed properties that were on the market for over inflated prices back in 2015/16/17 and which are now in receivership – in other words developers that got their timings wrong and are now suffering the consequences. Now could be an excellent time for buyers at the top end of the market to take advantage of sellers looking to close a deal and receivers looking to get their money back on un-sold properties.”
Read the full article here.