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Construction of central London new-build flats fell by a quarter in 2017

Apartments in new developments have been dubbed ‘posh ghost towers’ as they struggle to sell, a new article in The Guardian reveals.

Sharing her insight as a top buying agent for London’s premium property, Black Brick Founder Camilla Dell featured in the article, commenting:

“We are seeing continued interest from Middle Eastern buyers, with Saudi clients particularly active. Brexit notwithstanding, the UK offers political, economic and legal stability. Saudi buyers tend to value confidentiality and favour trophy properties. In the current market, few of those are marketed publicly. Around a third of the properties we bought for clients last year were sold off-market.”

Read the full article here.

10 things to consider before rushing into the property market

You might feel like you need to get on the property ladder as soon as possible, but there are some things you should be aware of, first…

A new article by The Guardian this week covers the key things prospective first-time home buyers need to know before rushing into purchasing property.

We were delighted to share our thoughts for the piece, offering our informed insights as a leading buying agency for London and UK property.

“We are increasingly seeing estate agents using open houses as a tool to try and achieve the highest possible prices for their clients,” said Caspar Harvard Walls, Partner at Black Brick. “The advertised price for the property is often artificially low to encourage as many buyers to view as possible, thereby creating a sense of high demand and multiple bids above the guide price.”

Read the full article here.