In the Press

Sealed bids and gazumping return to central London in boost for property market

In its heyday, dukes, dandies, artists and politicians all lived and socialised in St James’s, London. The district, convenient for both St James’s Palace and the Houses of Parliament, was the height of fashion. Gladstone, Sir Isaac Newton and William Thackeray all lived here.

Published
Format Online
Read time 1 min read

London buying agents have revealed how an increasing number of clients have been looking for ‘Brexit bargains’ in recent weeks.

Covered in a new article in The Standard, Black Brick Founder and Managing Partner, Camilla Dell offered her thoughts as one of London’s most renowned buying agents for prime property in London:

“We are seeing a return of competitive bidding across the spectrum, particularly on property that is priced correctly in line with the current market.”, she shared.

“We have also seen a return of gazumping. We recently secured a flat in Canary Wharf for a client at £1.48 million. Our initial offer of £1.44 million was accepted but we were gazumped by another buyer who offered £1.5 million. Luckily, we managed to re-agree the sale at the original asking price as our client was a cash buyer.”

Read more in the full article here.