We’re predicting an even steeper drop in prime central London property sales than 4%, as predicted by Savills.
Learn why in our feature in Bloomberg.
We’re predicting an even steeper drop in prime central London property sales than 4%, as predicted by Savills.
Learn why in our feature in Bloomberg.
The Cotsworld’s collection of small, picture-perfect villages have been compared by Americans to the Hamptons. Just two hours away from London, the region is famous for its rolling hills, luxury homes and hotels, and panoramic views.
Commenting on the recent trend of American buyers in the area, Black Brick Founder, Camilla Dell spoke with Sarah Rappaport of Bloomberg, sharing her insights as a London and UK buying agent with over 20 years’ experience in the industry.
“The countryside may be in a new phase as Americans living in London start buying weekend retreats, like New Yorkers buying in the Hamptons,” Dell said.
Read the full article here.
London’s most luxurious properties aren’t getting snapped up so quickly at the moment. But why?
For the priciest properties this year, “sentiment is significantly down”, Black Brick Founder & London Buying Agent, Camilla Dell shared, adding: “The current market reminds me a little bit of the financial crisis in terms of what I’m seeing in terms of the volume of stock available, price reductions and nervousness in the market from vendors.”
Read the full article in Bloomberg.
Speaking with Damien Shepherd for Bloomberg, Black Brick Founder & Managing Partner reflected on why our fancy friends from across the pond are increasingly looking to buy property in the UK.
“For many of our US clients, they see London as a safe haven compared to the US, where anyone can own a gun,” she said. “There has also been an explosion of wealth in the tech sector in the US. When people get wealthy, they buy assets, and London is a key recipient of that.”
Read the full article here.
Having a huge pool or 24-hour concierge service is no longer enough for London’s premium property buyers. The solution? Developers are now offering amenities that include exclusive access to private member clubs, private cars to drive children to school, and even doctor services with Botox treatments available.
“Buyers of these sort of very expensive new-build homes are looking for more than just the apartment itself,” Camilla Dell, Founder of buying agency Black Brick, shared in the latest Bloomberg article. “Now, I’m seeing developments that—as well as having great amenities within them—are also offering a lifestyle through being able to organize child care, walk your pets, and offering things like what Chelsea Barracks are doing.”
Read the full article here.
As an experienced London buying agent specialising in high-end, luxury property for over 20 years, Black Brick’s Founder shared her perspective into she has experienced this latest prime property trend, and how she overcomes barriers for her clients.
“The difficulty is the location,” she said. “Most of my clients buying at the upper price range want to be by Bond Street and their private members clubs in Mayfair.”
Read the full article here.
Reflecting on this emerging buying trend within the prime property market, Black Brick Founder and Buying Agent, Camilla Dell shared how she had recently negotiated a deal on a block of seven investment apartments in London’s South Kensington district with energy efficiency ratings of D or lower. Black Brick was quoted £200,000 to upgrade the properties to a C rating, which Camilla subsequently negotiated off the purchase price.
“So much of London’s property doesn’t meet the C rating,” she said. “Most listed buildings and Victorian buildings don’t, but they are some of the capital’s most sought-after prime real estate.”
Read the full article here.
Sharing her thoughts into this peculiar statistic in Bloomberg, Black Brick buying agency Founder Camilla Dell commented: “Mayfair is the go-to safe haven place for wealthy buyers looking to park money on London property. There is an acute lack of supply and constant demand, supporting prices.”.
She went on to add that a sixth of her clients at Black Brick actively look to buy in Mayfair, with preferences ranging from £5 million flats to £15 million family apartments.
“Many of our clients visit in peak times — summer and Christmas — and spend up to 90 nights visiting London,” she said. “Even with service charges, you would still be saving money, plus you get the benefit of owning an asset that over time will appreciate in value.”
Read the full article here.
Featuring in a new article in Bloomberg this week, Black Brick’s Camilla Dell shared:
“Unlike wealthy buyers from the Middle East or the U.S, Hong Kongers are probably looking to relocate permanently to the U.K. There will be potential for more buyers as a result of BNO holders being told they’re welcome with open arms.”
Read more in the full article here.
A new piece by Bloomberg warns that the recently announced stamp duty taxes are putting off rich investors from buying property in London’s prime neighbourhoods.
Offering our thoughts on the topic as a top London buying agent for premium property, Black Brick’s Founder, Camilla Dell commented:
“Osborne has really depressed the luxury market. Investors are still spending the same amount, but they’ll split it up between several properties in the sub-1 million-pound market,”.
Read the article here.