Jaffray Estates

Latest London Property News – May 2018

Market Overview

The property markets in London have been lacking clear direction, but it is not bracing for a slump. Looking forward, we expect the outlook to remain opaque until the political situation stabilises, and further clarity is provided on the UK’s future trading relationships with the rest of the world. However, whatever the outcome, we expect London to remain a truly global city, continuing to attract businesses, capital and talent from around the world. Continue reading “Latest London Property News – May 2018” »

Latest London Property News – April 2018

Market Overview

The market in London is still fragile, with low transaction levels, although there is a sense that prices in prime central London have bottomed out, famous last words! Understanding price movements and levels of activity can be difficult as there are plenty of examples of record prices for prime property currently being achieved. There are good opportunities for buyers in the market now, as we expect prices to strengthen in the near future. Continue reading “Latest London Property News – April 2018” »

Latest London Property News – March 2018

Market Overview

Quarter 1, traditionally a quiet time of the year plus bad weather, has been exactly that – London property asking prices slumped for a seventh straight month as sellers held off putting their homes on the market, according to property portal Rightmove. The March report from the home-listing website shows that asking prices declined 0.6% from a year earlier in March, with the number of newly marketed properties falling 3 percent. Prices rose 0.6% from February, Continue reading “Latest London Property News – March 2018” »

Latest London Property News – February 2018

Market Overview

2018 got off to a subdued start, with sellers of homes priced in excess of £1m in London finding it toughest to find buyers in January, according to a survey of estate agents. Across the UK as whole, the volume of sales, new buyers, and properties coming onto the market fell in January, the Royal Institution of Chartered Surveyors said. Of the estate agents surveyed, 67% said the sales price achieved on homes priced at £1m Continue reading “Latest London Property News – February 2018” »

Latest London Property News – January 2018

Latest London Property News – January 2018

Latest London Property News – January 2018

Market Overview

Formally Palmstar, Jaffray Estates is the new trading name for the company. Nothing has changed other than the name, all business is still run by Nicholas Jaffray as before. We hope you like the newly upgraded website which you can see here: www.jaffray-estates.co.uk.

Market uncertainty is likely to continue through 2018, with Continue reading “Latest London Property News – January 2018” »

Latest London Property News – November 2017

Latest London Property News – November 2017

Latest London Property News – November 2017

Market Overview

The prime London property market continues to challenge buyers and sellers alike, as we expect to be the case going forward in 2018. Last week, we saw chancellor Philip Hammond announce his budget statement, which offers little for the majority of those in prime London. Brexit negotiations continue to go back and forth, which is arguably the underlying issue affecting buyer sentiment. That said, Continue reading “Latest London Property News – November 2017” »

Latest London Property News – October 2017

Market Overview

Coutts bank revealed that buyers of luxury London homes are currently getting discounts of almost 10% on asking prices as clouds continue to hang over the top end of the property market, figures revealed last week. The Queen’s bank said buyers in the £1 million to £10 million bracket got an average discount of 9.9% in the three months to September 30th. Its first London prime property index showed that Continue reading “Latest London Property News – October 2017” »

Latest London Property News – September 2017

Market Overview

Brexit negotiations continue to dominate the headlines and cause uncertainty until an agreement has been reached by the end of April 2019. House prices in prime central London will fall 3.2% this year and stay flat next year, before rising 2% in 2019, according to Savills’ five-year forecast. It may be that sellers across wider London will have to wait until 2020 before prices begin to increase, Continue reading “Latest London Property News – September 2017” »

Latest London Property News – August 2017

Market Overview

August is traditionally a slow month, apart from more internationally favoured pockets of London, which saw house price growth slow to 2.1%, from 2.9% in July. Nationwide Building Society believe this is amid fears that Brexit-fuelled inflation is placing pressure on household spending. ‘Wages have been failing to keep up with the cost of living in recent months and consumer sentiment has weakened, Continue reading “Latest London Property News – August 2017” »

Latest London Property News – July 2017

Market Overview

With the 3% stamp duty hike for second homes in Q2 last year and a snap election this year has meant evaluating what is happening to the prime market is increasingly difficult. According to data provider LonRes, property prices in prime central London have been recorded at 4.4% lower in the first half of 2017 versus the same period in 2016.

Smaller properties, which are popular with investors and second home purchasers saw the most significant Continue reading “Latest London Property News – July 2017” »
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