Q1, 2020
The London property market forces are moving as luxury homes continue to gain strength in a post-Brexit United Kingdom. The pound performing, the market has more certainty and London is attracting luxury property buyers from all over the world.
This demand and luxury property climb is set to be swift, with penthouse sales and private estates prices tipped to soar this year. Properties like Rutland Gate in Knightsbridge are fetching record prices in London and luxury family homes in affluent areas including Primrose Hill are high in demand. New luxury property residential developments including Chelsea Barracks are performing well too.
Boutique estate agents, premier brokerage companies and ultra luxury management firms are telling investors to buy now while there's availability and stock. And those investors have firmly set their sights on refurbishing property to the highest standard too, seeking out development opportunities all over London.
The same investors know that this demand in unprecedented and will not disappear, as property on the market today will not - and cannot - expand much more in central London.
With Brexit behind us, and increased economic confidence, investors are feeling optimistic about the luxury property market and luxury homes, apartments and penthouses in London will remain in demand.