In the Press

Lack of overseas buyers hits London’s prime property

In July, Tel Aviv-based corporate lawyer Ami H Orkaby bought an apartment in London’s Mayfair. When he can fly to London he intends to use it himself, making the most of the expensive restaurants, the shopping and Annabel’s private members club on his doorstep.

Published
Format Online
Read time 1 min read

London’s not getting much hype right now with its usual array of cultural events and activities put on hold until the pandemic is over.

“It’s clear that the buzz and many of the things that make London great are just not there right now”, Black Brick’s Founder, Camilla Dell commented in her feature for The Financial Times this week.

Reflecting on the pandemic’s impact on London’s prime property market, Camilla shared how, in recent weeks, the popularity of London’s greener suburb regions like Richmond and Hampstead had surpassed that of the ‘golden’ postcodes in Belgravia, Knightsbridge and Kensington.

“When we do viewings there, it’s clear that the buzz and many of the things that make the city great are just not there right now,” says Dell. “But it’s too early to say whether the shine has gone off London as an investment.”

Read more in the full article here.