Buying agency Black Brick celebrated a record year in 2016, tripling its turnover to GBP3million. The company attributes its success to buyers seeking honest, impartial advice, about where best to invest their money during a time of market uncertainty in London.
Mayfair buying agency Black Brick has just finalised an interesting acquisition on Park Lane.In a departure from high-end house and apartment sourcing, the firm dug deep to secure an off-market bank vault next to the Dorchester for the South African owner of IBV International Vaults, Ashok Sewnarain, who has plans for a super-luxe storage concept.
We are delighted, for the third year, to have been named as one of eprivateclient’s Top Residential Property Buying Agents 2017
The debate continues about the future of the housing market, with one economist forecasting disaster, while others believe that the average property price will rise this year. These predictions come as house price indices provide evidence of a slowdown.
Over 75 per cent of apartments in Hampstead are leasehold, whilst investors are cashing in by buying up freeholds in new builds throughout the capital. Here’s what you need to know about owning a leasehold property in north London.
To make a landlord’s life easier, here are the 10 invaluable people they should have at their fingertips.
Here are the 10 people buy-to-let landlords ready should have on speed dial.
The Russians are back buying luxury properties in central London and beyond. Favourable exchange rates and a rise in the price of oil mean that international buyers, particularly those from the Middle East and Russia, are spending millions on large homes in high-end neighbourhoods.
Clapham is not a straightforward neighbourhood. Unlike Dalston, it isn’t synonymous with hipsters; it isn’t known for its international wealth like Knightsbridge; and it isn’t the naturalised home of the English gent like Hampstead. It’s best described as a south London suburb that has welcomed wave upon wave of migration from other boroughs.
Rising house prices, together with stagnated salary inflation, have meant that more first time buyers are struggling to afford to get onto the property ladder, particularly in London where Hometrack data shows current property values are 85% higher than they were eight years ago. As a result, the “Bank of Mum & Dad” has become much more prevalent in helping their offspring onto the ladder, with the average hand out per child in London amounting to £24,800. So far this year, 20% of our clients have been buying for their children and we predict that this will increase by 10-15% over the next two years.
Thing are looking up in the Prime Central London property market, says Black Brick boss Camilla Dell, despite all the uncertainty swirling around the General Election and Brexit negotiations.
Sellers and estate agents in the prime central London property market are being more realistic with asking prices and as a result there is movement in what has been a stagnant market.
It’s hard not to think about the Monopoly board when considering what the most salubrious areas are in London. Park Lane and Mayfair may be the highest prized, but in reality, they’re being outstripped by a train station.
