By Anna Tyzack
For those who have moved their primary residence away from London, a sluggish sales market is prompting them to weigh up their options
Changing tax rules and evolving lifestyle trends are increasing demand for specialist property management services across the Prime Central London market, as more internationally mobile homeowners retain their London properties while relocating overseas.
Rather than selling, many owners are seeking expert support to ensure their homes remain secure, maintained and ready for use throughout the year. Black Brick has seen strong growth in this area, reflecting increased demand from overseas-based property owners looking for trusted advice and hands-on management.
Commenting on the trend, Black Brick Manging Partner, Camilla Dell said: “The majority of our inquiries this year have been from property owners who have decided to become resident outside of the UK and are retaining their London residences.”
While some homeowners are exploring rental opportunities to help offset costs, many prime and super-prime property owners continue to prioritise privacy, flexibility and immediate access to their homes. Against a slower Prime Central London sales market, specialist property management and advisory services are playing an increasingly important role in helping international clients protect and maximise the value of their London property assets.
Please click here to read the full article and Camilla Dell’s commentary.