Sales of over 5-million-pound homes have increased by 25% towards the end of 2024, proving that buyers are still out there and shopping for London’s most luxurious prime properties.
“I don’t think I’ve ever seen a market quite like it – there’s no shortage of homes to buy,” Black Brick Managing Partner, Camilla Dell commented in a new piece for Barclays this week.
Read the full article here.
Reflecting on how prices are slightly below what they were a year ago, Camilla said, “the prime central London market is performing better than the rest of the UK”.
She added: “We’ve taken a large volume of new enquiries from buyers in the Middle East and the US looking for homes and investments in the city. I believe there’ll be some excellent buying opportunities over the coming months, especially as sellers are now starting to be far more realistic with their pricing.”
Read the full article here.
We’ve shared our insights as a respected and experienced buying agency in Barclays this week, offering our advice on whether people should employ estate agents, or buying agents like the team here at Black Brick.
“Clients of buying agents are often seen by estate agents as more committed – they’ve already paid an up-front registration fee and gone through ‘know-your-customer’ procedures – most buyers do not do that unless they are serious about buying.”, our Founder, Camilla Dell shared.
Read the full article here.
“If you take Fulham as an example, and I really like the area, in the last financial crisis it was Fulham and areas like that which took the biggest price hits,” she argued.
“It’s a very domestic market, with most people who buy taking on debt. All the properties and streets look broadly the same, with properties priced between £1.5 million and £3 million. But we think it’s these markets that are vulnerable to rising mortgage rates – with people not buying, and people needing to sell and lowering their prices in order to sell.”
Read more in the full article here.
Sharing her insights as a London buying agent of over 20 years, Black Brick’s Founder, Camilla Dell featured in a new article for Barclays this week.
“We’re definitely seeing a pick-up in central London living – in both the sales and rental markets,” she said.
She also added that around half of all her sales at Black Brick are now “off-market”, i.e. properties not listed by estate agents. “In my 20-year career, I’ve never seen a market like this in central London, which is so chronically short on supply,” she summarised.
Read more in the full article here.
