Domestic buyers leading the buying market & enjoying certain advantages
Since lockdown we have either exchanged on, or agreed, more than £30m of purchases for our clients and are currently retained on a further £14m of active searches.
All of our clients are UK based and some have been able to make the most of not having competition from overseas buyers. This lack of competition has been more relevant in some cases in Mayfair and Marylebone, for example, which are usually particularly busy with international purchasers at this time of year.
In one case, we agreed the purchase of a lateral apartment in arguably the best portered building in Marylebone which ordinarily would have seen competitive bids if flight restrictions were not in place.