A new dawn

This year can’t pos­si­bly be as tur­bu­lent as the last (we hope), but what does that mean for the Lon­don mar­ket? An­nun­ci­ata Wal­ton talks to those in the know

Country Life Every Week - - Property News -

Toby Whit­tome, Di­rec­tor Chelsea Sales at Jack­sonS­tops & Staff Sales-wise, the mar­ket is grad­u­ally com­ing to terms with Stamp Duty (SDLT) rates and the fact that Brexit isn’t go­ing to hap­pen overnight. Although un­cer­tainty will linger, there is ev­i­dence that both ven­dors and pur­chasers see 2017 as a year to climb off the fence and make a move. Our of­fices in Pim­lico, Hol­land Park and Chelsea are al­ready see­ing a higher rate of en­quiries from buy­ers.

In prime cen­tral Lon­don, we an­tic­i­pate in­creased de­mand for qual­ity rental prop­erty. A short­age of sup­ply is likely to re­sult in rental re­turns im­prov­ing. Ten­ants are be­com­ing in­creas­ingly dis­cern­ing and ex­pect rental prop­er­ties, re­gard­less of their size, to be well ap­pointed and well man­aged.

Jeff Doble, CEO at Dex­ters Prov­ing re­sis­tant to eco­nomic or po­lit­i­cal in­flu­ences in 2016, the cap­i­tal’s mar­ket still has plenty of buy­ers, both lo­cal and over­seas, who all recog­nise that Lon­don con­tin­ues to be a uniquely safe bet in the long term.

We ex­pect the open­ing months of the year to be par­tic­u­larly busy, as buy­ers jump in where they see good value, good lo­ca­tion or both, re­gard­less of sea­son. As such, sell­ers should get in there early and put their home on the mar­ket—there will be a lot of choice to con­tend with come March.

Char­lie Wil­lis, Head of Lon­don Res­i­den­tial at Strutt & Parker We’ve had more than 18 months of head­winds and un­cer­tainty, but prime cen­tral Lon­don re­tains its

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