‘London needs to make foreign investors feel welcome’

In a new feature for The Financial Times this week, Black Brick Managing Partner and London Buying Agent, Camilla Dell speaks with Caroline Roux to share her thoughts on Mayfair’s current property market:

“We would consider prime Mayfair to be Grosvenor Square, Mount Street, bits of Davies Street. Off-patch properties are a harder sell. And there are already a number of new-builds that have had properties on the market for a while, including 60 Curzon, on the north border of Shepherd Market, and One Mayfair, a development on Audley Square by British billionaire John Caudwell, where apartments begin at the £35mn mark.”

Read the full article here.

The £400m blossoming of Bloomsbury

Located just on the edge of prime central London, Bloomsbury is seems to be undergoing a glow-up this year, thanks to local campaigns and new investment.

Speaking on the region’s property market, Black Brick’s Managing Partner, Camilla Dell has been interviewed for a new feature in The Financial Times.

Read the article here.

Super-prime London’s cut-price property deals

Earlier this year, a client of buying agent Camilla Dell offered £3mn less than the c£20mn asking price for a home in a premium central London property completed in 2020.

As the months wore on, the seller returned to Dell twice with revised prices above what she had offered. Each time, Dell’s client refused. Finally, a few days after the October Budget, the seller accepted the original bid.

In a new piece for The Financial Times, Camilla reflects on how current affairs are affecting the London property market and leading to more and more situations like this.

Read the full article here.

Market for London’s top-end homes showing ‘signs of life’

With Savills recently reporting that prime central London is growing “for the first time since September 2014, despite the absence of international buyers”, it’s fair to say that the capital’s luxury housing market is alive and well.

Our Founder, Camilla Dell is delighted to have been featured in a new article all about the sector this week in The Financial Times.

In the piece, she shared how the market is “finally showing signs of life”, thanks to the recent easing of travel restrictions. “It started in August when we suddenly had a lot of Middle Eastern clients coming over,” Camilla explained, adding that more clients arrived at the beginning of the school term, with prospective buyers coming mainly from North America, West Africa and the Middle East.

Read more in the full article here.

Lack of overseas buyers hits London’s prime property

London’s not getting much hype right now with its usual array of cultural events and activities put on hold until the pandemic is over.

“It’s clear that the buzz and many of the things that make London great are just not there right now”, Black Brick’s Founder, Camilla Dell commented in her feature for The Financial Times this week.

Reflecting on the pandemic’s impact on London’s prime property market, Camilla shared how, in recent weeks, the popularity of London’s greener suburb regions like Richmond and Hampstead had surpassed that of the ‘golden’ postcodes in Belgravia, Knightsbridge and Kensington.

“When we do viewings there, it’s clear that the buzz and many of the things that make the city great are just not there right now,” says Dell. “But it’s too early to say whether the shine has gone off London as an investment.”

Read more in the full article here.

Will the pandemic bring high rise service charges back to earth?

Featuring in a new article this week for The Financial Times, Black Brick boss Camilla Dell shares how London buyers are ‘deserting’ luxury high-rises for their own four walls.

“In the pandemic some weren’t even able to use those gyms and facilities but were still paying these charges,” she said. “In the world [post-Covid] the idea of sharing facilities really doesn’t appeal now.” 

Read more in the full article here.

English property market rebounds on pent-up demand

Is the property market coming back to life yet?

In a new article for The Financial Times this week, Black Brick Founder and Managing Partner, Camilla Dell shared her perspective as a London buying agent for prime property:

“There is quite a big gap at the moment between buyers, who feel the world is not what it was, and sellers, who think they’ll just hang on.”

Read more the full article here.

Meet the estate agents turning themselves into superstars

As the world continues to go a *little* crazy in lockdown, some professionals in property are dialing up the fun-meter in a bid to grab attention and stay on top.

Offering her view on the trend, our Founder and Managing Partner, Camilla Dell shared with The Financial Times how in the UK, some high-end sellers simply do not want an online presence because of confidentiality and security:

“The property might have artwork and family photographs. Private individuals don’t want that kind of exposure or need that kind of exposure.”, she warned.

Read more in the full article here.

Home sales slide in Battersea Nine Elms

According to Zoopla, some of the Battersea Nine Elms high-end homes have had their prices cut by more than 25% since being relisted for sale.

It comes as the area faces lower-than-expected attraction from wealthy buyers looking to cash in on Battersea’s wider regeneration project.

Commenting on the area and its hopes for becoming a premium property hotspot, our Founder and Managing Partner, Camilla Dell shared her thoughts in The Financial Times:

“People are quick to bash Nine Elms and that part of Battersea,” Camilla said, “but that’s oversimplifying things. In five or so years’ time, the clatter of power tools will hopefully no longer fill the air and the wind-tunnel streets around the US embassy will have been transformed into the thriving community spaces that developers have promised. Because of its potential, Battersea is an area worth considering”

Read more in the full article here.

How the super-wealthy struggle to value their properties

As the world’s ultra-rich increase in numbers and the market for high-end properties becomes larger, intense price negotiations for luxury UK homes are becoming increasingly common.

In a new piece for The Financial Times this week, Black Brick’s Founder and Managing Partner, Camilla Dell shared how a recent story of how “one home on Cresswell Place in London’s Kensington was marketed for £37.5m but sold for 40% less, at £22m”.

“For super-prime property to hold its value over time it needs to be the right super-prime, without compromise. Not just the right address, but the right part of the right address”.

Read more in the article here.