Which buyers are active and what are they buying? And the current rental market and what conculsions we can draw
- Which buyers are active and what are they buying?
- Increased activity but does this mean prices will rise?
- The rental market activity and what concolusions can we draw
- "Its one thing to buy a £40m home, but its another to run and maintain it."
The year of 2020 is now well underway and the start has been just as busy as the end of 2019.
At the end of last year, our buying team successfully exchanged on more than £30million in December alone.
This year, we were out on our first new client property tour by the 3rd January and our first purchase of the year was agreed by the 15th January, with another agreed the next day.
We are of course mindful that we are representing the most motivated of buyers in the market (and in many cases the most astute), so we will always be more active and successful than the unretained part of the market.
Below we go into more detail on what we’re seeing ‘on the ground’ in prime central London if you are looking to buy.
The rental side of the market has been equally busy. So much so that out of the nearly 200 prime rental properties which we manage for landlords, we currently have just three which are being marketed, and two of those still have outgoing tenants in situ.
Again, we have outlined below our thoughts behind this, including the very strong super prime rental activity we saw towards the end of last year and what conclusions we have drawn from it.