Jaffray Estates

Latest London Property News: May 2021

Market Overview

The run-up to the end of the stamp duty holiday on 31st March was always going to be a busy time for the housing market and prime London was no different. Encouraging news on the vaccine roll-out, together with a detailed roadmap out of lockdown resulted in a renewed confidence for London’s prime housing market and a surge in sales activity over the first quarter of the year.

It was the market below £1 million that saw the most significant annual increase in sales – unsurprising given this is where the biggest saving, as a proportion of total buying costs, was to be made. But the top end of the market did well too.

We anticipate the re-opening of London’s offices, restaurants, bars and theatres will all benefit the prime lettings market over the coming months. Stock levels, still high in a historic context, are falling back and new lets are also on the rise.

Latest London Property News: May 2021

Sales Market Insight

The first two months of 2021 saw relatively subdued levels of new instructions, with volumes listed for sale falling short of both the previous year and longer run five-year average between 2015 and 2019. Of course, at this point vendors thought the stamp duty holiday would be ending on 31st March and the possibility of their buyers, let alone them, being able to complete their purchase before the March 31st deadline was slim. But an extension, announced by the Chancellor in the Spring Budget, saw a further three month holiday alongside a tapering until September. This boosted market confidence, in addition to announcements on the vaccine rollout and roadmap which meant the UK looked set to emerge from lockdown too.

As a result, March saw new instructions rise, with 24% more properties listed than the March five-year average (2015 and 2019) and 72% more than 2020 levels, albeit that some of March 2020 was spent in lockdown. Looking at volumes quarterly the surge in new instructions in March cancelled out the falls in the first two months of the year. Overall, in Q1 2021 there were just 1% fewer new instructions than the long-term (2015-2019) Q1 average. Transaction volumes across prime areas of London rose significantly in Q1 2021 too. Sales were up 40% on Q1 2020 and 22% higher than the previous five-year average. Indeed, the number of sales in Q1 2021 was the highest for a first quarter since 2016, when investors were rushing to purchase before the introduction of new additional property stamp duty rates. A stamp duty deadline has impacted activity this quarter too, as buyers again raced to meet the old deadline of 31 March. The busiest market in the first quarter was the market below £1 million which saw a 52% annual increase in sales.

Yet this rush of activity appears to be about more than just stamp duty savings. The upper end of the market, where the saving accounts for only a small proportion of the overall price, was busy too, with 22% more sales at £5 million or more in the first quarter this year versus last and 41% more than the previous five-year average. Despite an increase in activity, buyers remain price sensitive. Achieved prices across prime areas of London fell. With PCL recording a 2.8% annual decrease followed by more modest falls of 1.9% in Prime London and 2.2% in prime fringe. Houses in both prime London and prime fringe recorded an annual increase in achieved prices this quarter. Looking ahead this increased momentum looks set to continue, with the number of properties put under offer suggesting we are in for a busy second quarter. Comparing the number of homes put under offer in Q1 2021 shows a 26% annual increase (27% higher than the 2015 to 2019 average), with the number of properties put under offer the highest first quarter figure since Q1 2014.

Q1 2021 Sales Report: Area Overviews

Here are the key findings for the quarterly sale figures compiled by London’s premier data source LonRes.

Marylebone & Medical Territory

Sold: Jan-Mar 2021

  • Average flat prices are now 10% lower they were 5 years ago, with buyers paying £153 less per square foot than they did 5 years ago.
  • Achieved prices per sqft have decreased by 12.1% for flats over the last year & have decreased by 12.7% for houses.
  • 10.3% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £1,548,491 for flats & £4,443,750 for houses.

Current Availability

  • 45.8% of properties on the market are priced at £1 million or higher.
  • 64.8% of properties currently available have been on the market for more than 6 months.
  • 9.4% of flats & 9.1% of houses on the market are currently under offer.

Mayfair & St. James’s

Sold: Jan-Mar 2021

  • Average flat prices are now 1% lower they were 5 years ago, with buyers paying £22 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have decreased by 9.9% for flats over the last year & have decreased by 0% for houses.
  • 5.6% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £2,756,667 for flats & £0 for houses.

Current Availability

  • 73.8% of properties on the market are priced at £1 million or higher.
  • 75.6% of properties currently available have been on the market for more than 6 months.
  • 5.7% of flats & none of the houses on the market are currently under offer.

Knightsbridge & Belgravia

Sold: Jan-Mar 2021

  • Average flat prices are now 17.1% lower they were 5 years ago, with buyers paying £367 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have decreased by 6.7% for flats over the last year & have decreased by 6.3% for houses.
  • 4.4% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £2,746,250 for flats & £5,463,033 for houses.

Current Availability

  • 57.7% of properties on the market are priced at £1 million or higher.
  • 62.1% of properties currently available have been on the market for more than 6 months.
  • 11.8% of flats & 10.4% of houses on the market are currently under offer.

Chelsea

Sold: Jan-Mar 2021

  • Average flat prices are now 14.4% lower they were 5 years ago, with buyers paying £239 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have increased by 9.9% for flats over the last year & have increased by 0.4% for houses.
  • 12.7% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £1,231,492 for flats & £4,611,303 for houses.

Current Availability

  • 33.5% of properties on the market are priced at £1 million or higher.
  • 54.9% of properties currently available have been on the market for more than 6 months.
  • 14.1% of flats & 15.8% of houses on the market are currently under offer.

South Kensington

Sold: Jan-Mar 2021

  • Average flat prices are now 11.9% lower they were 5 years ago, with buyers paying £214 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have decreased by 6.6% for flats over the last year & have decreased by 18.3% for houses.
  • 14.5% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £1,587,556 for flats & £2,998,500 for houses.

Current Availability

  • 53.2% of properties on the market are priced at £1 million or higher.
  • 58.4% of properties currently available have been on the market for more than 6 months.
  • 12.2% of flats & 4.5% of houses on the market are currently under offer.

Kensington, Notting Hill & Holland Park

Sold: Jan-Mar 2021

  • Average flat prices are now 11.3% lower they were 5 years ago, with buyers paying £149 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have decreased by 8.3% for flats over the last year & have increased by 13.9% for houses.
  • 10.8% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £1,224,510 for flats & £4,869,147 for houses.

Current Availability

  • 28.5% of properties on the market are priced at £1 million or higher.
  • 45.1% of properties currently available have been on the market for more than 6 months.
  • 19.1% of flats & 18.8% of houses on the market are currently under offer.

Bayswater & Maida Vale

Sold: Jan-Mar 2021

  • Average flat prices are now 8.8% lower they were 5 years ago, with buyers paying £107 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have decreased by 2.9% for flats over the last year & have decreased by 3.3% for houses.
  • 9.7% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £991,509 for flats & £2,944,444 for houses.

Current Availability

  • 50.9% of properties on the market are priced at £1 million or higher.
  • 50.4% of properties currently available have been on the market for more than 6 months.
  • 16.6% of flats & 9% of houses on the market are currently under offer.

St John’s Wood, Regents Park & Camden

Sold: Jan-Mar 2021

  • Average flat prices are now 10.7% lower they were 5 years ago, with buyers paying £131 less per sq ft than they did 5 years ago.
  • Achieved prices per sq ft have increased by 3.3% for flats over the last year & have decreased by 3.7% for houses.
  • 16.7% of properties sold within 3 months, compared with 10.7% for the whole of Central London.
  • Properties sold in the last 3 months achieved an average price of £1,141,394 for flats & £3,643,231 for houses.

Current Availability

  • 28.6% of properties on the market are priced at £1 million or higher.
  • 49.4% of properties currently available have been on the market for more than 6 months.
  • 12.2% of flats & 13.0% of houses on the market are currently under offer.

New Instructions:

Nottingham Place, Marylebone W1U | £1,325,000

A charming 2 bedroom property, with it’s own private entrance, ideally located in the heart of Marylebone Village.

Nottingham Place, Marylebone W1U
Nottingham Place, Marylebone W1U

Ravensworth Road, Kensal Green NW10 | £950,000 | Sole Agent

Offering a rare opportunity to acquire this freehold Victorian terrace house in a quiet Kensal Green street with huge potential to extend & improve.

Ravensworth Road, Kensal Rise NW10
Ravensworth Road, Kensal Rise NW10
Ravensworth Road, Kensal Rise NW10

Current Properties For Sale:

Fursecroft, George Street, Marylebone W1H | £3,850,000

A newly refurbished family apartment with 4 en-suite bedrooms, in a secure 24-hour portered block in Marylebone, located next to Marble Arch & Hyde Park.

Fursecroft, George Street, Marylebone W1H | £3,850,000
Fursecroft, George Street, Marylebone W1H | £3,850,000
Fursecroft, George Street, Marylebone W1H | £3,850,000

Cadogan Place, Belgravia SW1X | £2,550,000

An exemplary apartment that has been reconfigured & refurbished to the highest standards. Beautiful high ceilings, period features & west facing garden views make this a ‘best in class’ property.

Cadogan Place, Belgravia SW1X
Cadogan Place, Belgravia SW1X
Cadogan Place, Belgravia SW1X

Montagu Square, Marylebone W1H | £2,480,000

An elegant & bright lateral 2 to 3 bedroom flat with beautiful garden views, located in one of Marylebone’s premier addresses.

Montagu Square, Marylebone W1H
Montagu Square, Marylebone W1H
Montagu Square, Marylebone W1H

Fifteen Portman Square, Marylebone W1H | £2,150,000 | Sole Agent

A 3 bedroom 3 bathroom apartment for sale in 15 Portman Square, with the benefit a long lease.

Fifteen Portman Square, Marylebone W1H
Fifteen Portman Square, Marylebone W1H
Fifteen Portman Square, Marylebone W1H

99 Baker Street, Marylebone W1U | £1,500,000 | Sole Agent

A modern apartment centrally located on Baker Street with Comfort Cooling & Porter.

99 Baker Street, Marylebone W1U
99 Baker Street, Marylebone W1U
99 Baker Street, Marylebone W1U

Regent’s Gate, St Edmund’s Terrace, Primrose Hill | £1,450,000 | Sole Agent

An impressive apartment situated in a new development with Secure Underground Parking, ideally located next to Primrose Hill, Regent’s Park & St John’s Wood High Street.

Regent’s Gate, St Edmund’s Terrace, Primrose Hill
Regent’s Gate, St Edmund’s Terrace, Primrose Hill
Regent’s Gate, St Edmund’s Terrace, Primrose Hill

One Seymour Street, Marylebone W1H | £1,395,000 | Sole Agent

A well proportioned apartment for sale in this exclusive new development, inc. 24 hr Concierge & Secure Underground Parking.

One Seymour Street, Marylebone W1H
One Seymour Street, Marylebone W1H
One Seymour Street, Marylebone W1H

Fifteen Portman Square, Marylebone W1H | £500,000 | Sole Agent

An opportunity to buy an unmodernised 2 bedroom apartment on a 13 year lease.

Baker Street, Marylebone, W1U
Baker Street, Marylebone, W1U
Baker Street, Marylebone, W1U

Hallam Street, Marylebone W1W | £450,000

A well laid out studio apartment for sale in an attractive Art Deco building in Hallam Street, ideally located close to Regent’s Park & Marylebone High Street.

Hallam Street, Marylebone W1W
Hallam Street, Marylebone W1W
Hallam Street, Marylebone W1W
Jaffray Estates

Contact Us

If you are currently trying to sell your property, or are considering selling in the near future, and would like some straightforward advice, then please contact Nicholas Jaffray by telephoning: 020 3091 9311 or via email at: Nicholas@Jaffray-Estates.co.uk.

Full details of all our current properties for sale can be found via the company website: www.Jaffray-Estates.co.uk/Property-For-Sale.

We hope you and your families are keeping well during these challenging times.


Prime London Market Update: March 2021

In Q1 2020 London’s prime market was frantic. Following the general election and Brexit, new instructions in January 2020 rose 28% compared with the same month a year earlier and there were signs that we were building up to a busy spring. But, with the onset of a global pandemic, this was not to be. Instead, we saw new listings delayed and activity shift to the second half of 2020. Moving into 2021, new instructions fell 15% compared with January 2020 and were 22% lower than the previous five-year average (2015 to 2019) too.

With stock levels building in the latter part of 2020 there are still more homes on the market today than there were at the same point a year ago. At the end of January 2021, stock levels were up 42% on January last year, a small fall from the previous month when December saw a 51% annual increase in available properties. As well as fewer new instructions, properties going under offer dropped in January too. January 2021 saw 5% fewer properties go under offer than in January 2020. But the impact of a strong January market last year is at play here too. Indeed, the number of homes put under offer in January 2021 was higher than in January 2017, 2018 or 2019. Each of the last six months of 2020 recorded an annual increase in properties going under offer. These deals have now progressed to the point of exchange, which means we are beginning to see a rise in sales volumes. The number of homes sold in January 2021 was up 4% on January 2020 and 3% higher than the average number of January sales between 2015 and 2019.

Between November 2020 and January 2021, achieved prices rose 1.8% compared with the same period a year earlier. Taking January in isolation shows a similar increase, up 1.6% in January 2021 compared with January 2020. Houses continue to see higher annual increases in prices than flats. Flats sold between November 2020 and January 2021 saw achieved prices rise 0.4% compared with the same period a year earlier, this compares to a 5.2% increase for houses.

Between November 2020 and January 2021, achieved prices rose 1.8% compared with the same period a year earlier. Taking January in isolation shows a similar increase, up 1.6% in January 2021 compared with January 2020. Houses continue to see higher annual increases in prices than flats. Flats sold between November 2020 and January 2021 saw achieved prices rise 0.4% compared with the same period a year earlier, this compares to a 5.2% increase for houses.

However, with a more concrete view of when normality will return and the recently announced stamp duty extension, we expect there will be a steady increase for prime UK property which will cause property values to climb as we head towards the spring.

Prime London Market Update: March 2021

Budget 2021

What a difference a year makes. On Wednesday the Chancellor delivered his second Budget in a very different environment from last March, amidst the COVID-19 pandemic, an economy which shrank by 10% in 2020 (the biggest reduction in 300 years) and borrowing at its highest level outside of wartime. He drew a careful balance, announcing that it would

“be irresponsible to withdraw support too soon and irresponsible to allow borrowing to rise un-checked”.

Two key proposals, the extension of furlough arrangements and the Stamp Duty Land Tax holiday, had been pre-announced. Generally, he shied away from overt tax increases, preferring to raise money through a package of fiscal drag measures while accepting that his wish to achieve sustain-able public finances will have to wait. The speculation that Capital Gains Tax rates would increase in line with Income Tax did not materialise, although he did announce that Corporation Tax rates will rise in 2023. Fortunately, the Budget has provided continued financial support for many sectors and workers while not adding an additional burden of significant tax increases.

Budget 2021

Stamp Duty Land Tax Extension

As was widely trailed in the press, the Government has extended the temporary increase in the residential Stamp Duty Land Tax (“SDLT”) Nil Rate Band to £500,000 in England and Northern Ireland until 30 June 2021. From 1 July 2021, the Nil Rate Band will reduce to £250,000 until 30 September 2021 before returning to its ‘normal’ level of £125,000 on 1 October 2021. Note that, in most cases, the date of completion of the property purchase is the key date (although it can be earlier if a con-tract is ‘substantially performed’ before this date).

As was widely trailed in the press, the Government has extended the temporary increase in the residential Stamp Duty Land Tax (“SDLT”) Nil Rate Band to £500,000 in England and Northern Ireland until 30 June 2021. From 1 July 2021, the Nil Rate Band will reduce to £250,000 until 30 September 2021 before returning to its ‘normal’ level of £125,000 on 1 October 2021. Note that, in most cases, the date of completion of the property purchase is the key date (although it can be earlier if a con-tract is ‘substantially performed’ before this date).

The extension is also good news for funds and property companies investing in the build to rent or private rented sector. While the value of claiming ‘multiple dwellings relief’ has been eroded for those caught by the 3% higher rate on additional dwellings (and from 1 April 2021, those who will be caught by the new 2% non-resident surcharge), the extension of the ‘holiday’ will benefit many buyers, particularly those investing in purpose-built student accommodation and private rented accommodation with mixed-use elements.

Recently Sold:

Fifteen Portman Square, Marylebone W1H | £1,350,000

Jaffray Estates have just sold this best in class 6th floor 1 bedroom flat in an Art Deco block at a prime Marylebone address. A complicated sale including a simultaneous lease extension with The Portman Estate, a new tenant for the buyer, and of course lockdown – sold at asking price. We sold this flat for the first time 3 years ago, helped with the interior design with London interior designers 1.61 London , arranged the extension of the lease via our lease specialists Symington Elvery, and then sold it for the 2nd time!

Budget 2021

Current Properties For Sale:

Fursecroft, George Street, Marylebone W1H | £3,850,000

A newly refurbished family apartment with 4 en-suite bedrooms, in a secure 24-hour portered block located next to Marble Arch and Hyde Park. Fursecroft has now completed an extensive programme of refurbishment in all the communal areas making this a very desirable option.

Fursecroft, George Street, Marylebone W1H | £3,850,000
Fursecroft, George Street, Marylebone W1H | £3,850,000
Fursecroft, George Street, Marylebone W1H | £3,850,000

Cadogan Place, Belgravia SW1X | £2,795,000

An exemplary apartment that has been reconfigured and refurbished to the highest standards. Beautiful high ceilings, period features & west facing garden views make this a ‘best in class’ property.

Cadogan Place, Belgravia SW1X
Cadogan Place, Belgravia SW1X
Cadogan Place, Belgravia SW1X

Montagu Square, Marylebone W1H | £2,480,000

An elegant and bright lateral 2/3 flat with beautiful garden views, located in one of Marylebone’s premier addresses.

Montagu Square, Marylebone W1H
Montagu Square, Marylebone W1H
Montagu Square, Marylebone W1H

Bryanston Mansions, York Street, Marylebone W1H | £2,395,000

A stunning newly refurbished 3 bedroom flat situated in an attractive red brick mansion block in the heart of Marylebone.

Bryanston Mansions, York Street, Marylebone W1H
Bryanston Mansions, York Street, Marylebone W1H
Bryanston Mansions, York Street, Marylebone W1H

Fifteen Portman Square, Marylebone W1H | £2,150,000 | Sole Agent

A stunning 3 bedroom apartment for sale, located moments away from Selfridges and Oxford Street.

Fifteen Portman Square, Marylebone W1H
Fifteen Portman Square, Marylebone W1H
Fifteen Portman Square, Marylebone W1H

The Phoenix, Barrett Street, Marylebone W1U | £1,895,000 | Sole Agent

Jaffray Estates are proud to bring to market this two bedroom apartment for sale in a popular modern purpose-built block. The apartment is well laid out, offering decent living space and two good sized bedrooms. The Phoenix is a secure block complete with porterage and underground parking. The building is centrally located moments from Selfridges department store, Oxford Street and St Christopher’s Place.

The Phoenix, Barrett Street, Marylebone W1U
The Phoenix, Barrett Street, Marylebone W1U
The Phoenix, Barrett Street, Marylebone W1U

99 Baker Street, Marylebone W1U | £1,495,000 | Sole Agent

A contemporary 2 bedroom apartment for sale in a modern building ideally located on Baker Street.

99 Baker Street, Marylebone W1U
99 Baker Street, Marylebone W1U
99 Baker Street, Marylebone W1U

One Seymour Street, Marylebone W1H | £1,300,000 | Sole Agent

A ‘best in class’ apartment for sale in this exclusive new development, with 24 hour concierge and secure underground parking.

One Seymour Street, Marylebone W1H
One Seymour Street, Marylebone W1H
One Seymour Street, Marylebone W1H

Fifteen Portman Square, Marylebone W1H | £500,000 | Sole Agent

An unmodernised 2 bedroom apartment on a 13 year lease; therefore cash buyers only.

Baker Street, Marylebone, W1U
Baker Street, Marylebone, W1U
Baker Street, Marylebone, W1U
Jaffray Estates

Contact Us

If you are currently trying to sell your property, or are considering selling in the near future, and would like some straightforward advice, then please contact Nicholas Jaffray by telephoning: 020 3091 9311 or via email at: Nicholas@Jaffray-Estates.co.uk.

Full details of all our current properties for sale can be found via the company website: www.Jaffray-Estates.co.uk/Property-For-Sale.

We hope you and your families are keeping well during these challenging times.


Prime London Market Update: December 2020

As we near the end of what has undoubtedly been a challenging year, London’s prime market has proven to be surprisingly resilient. Despite the challenges facing the market, with offices shut and overseas buyers grounded, prices are still 1% higher than they were a year ago and the number of vendors accepting offers on their homes continues to surpass 2019 levels. 2020 has been a difficult year for the lettings market too. Fewer prospective tenants and an increase in stock has meant landlords have had to be more competitive to secure the best tenants. But activity is increasing and the number of new lets this month suggests more tenants are returning to the market.

Continue reading “Prime London Market Update: December 2020” »

Latest London Property News: November 2020

Market Overview

People’s homes have become more of a haven than ever. Meaning that despite ongoing economic uncertainty, buyers continue to prioritise searching for a property capable of adapting to their changing needs. This continues to drive buyers and prospective vendors into the market, with the number of homes coming to market almost doubling on 2019 levels.

Continue reading “Latest London Property News: November 2020” »

Latest London Property News: July 2020

Market Update

The London property market appears to be steadily picking up amid the easing of the lockdown, seeing increasing demand with steady transactions and rents, especially after the government announced the relaxation of lockdown measures on May 28. As at June 15, a month after the market lockdown had been lifted, record levels of offers had been accepted, with the ratio between asking prices and achieved prices narrowing as traction returned to the market. Continue reading “Latest London Property News: July 2020” »

Latest London Property News: May 2020

Market & Covid-19 Update

As of yesterday, the real estate industry can resume work, with activities to include: viewing and valuing properties for sale, moving, visiting estate agency offices and developer show homes have been green lighted by the Government today – subject to stringent social distancing guidelines.

Since lockdown was imposed on the 23rd March, the property market entered a period of suspended animation. There is still a lack of clarity as to when lockdown will end, as well as the financial and economic collateral damage for the UK economy will be, Continue reading “Latest London Property News: May 2020” »

Latest London Property News - December 2019

Latest London Property News – January 2020

Latest London Property News - December 2019

Market News & General Election Result

As we are all aware, the prime London market has slowed down due to both political and economic uncertainty. The result has been a build-up of good quality buyer demand with very few properties currently available for sale. A significant number of sales were pending the election result. Some sales were substantial – a £65m house sale was reported in Central London to a European family and another house sale at £28m to an international Asian family in North London (both exchanged on Friday immediately after the election result) which demonstrates renewed buyer confidence in the market. Continue reading “Latest London Property News – January 2020” »

Latest London Property News – May 2019

Market Overview

We have seen a noticeable increase in buying interest over the past few weeks, as fears of political uncertainty and a Corbyn led government subside. Buyers are starting to take the view that the market has now factored in a ‘Brexit discount’, confirmed by an uptick in activity. As always, purchasers are sensitive to pricing, so fair market value pricing remains imperative, and if done correctly property will sell. On this basis, London property is attractive, and investors continue to buy.

Continue reading “Latest London Property News – May 2019” »
Latest London Property News – December 2018

Latest London Property News – December 2018

Latest London Property News – December 2018

Market Overview

The stagnant property market in London amid Brexit uncertainty continues to frustrate buyers and sellers this month as asking prices in the capital fell £11,275 to an average of £602,996. Yet while this 1.8% seasonal slip actually marks the smallest November to December

decline for five years, it’s not a sign of an improving outlook but rather a dramatic reduction of properties available to buy. Continue reading “Latest London Property News – December 2018” »

Latest London Property News – November 2018

Market Overview

The days of London house price rises hugely outpacing inflation in the UK is unlikely in the short or medium terms as Brexit uncertainty weights on the housing market, according to a new poll. Property values in the capital more than tripled in the last 20 years, but demand and turnover have crumbled since the June 2016 vote to leave the European Union and property taxes were raised, the latest Reuters poll says. Continue reading “Latest London Property News – November 2018” »

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