House prices in London have been faltering of late, and experts have now revealed their views on how a “disorderly” Brexit could further impact the capital’s property market. A quarterly poll by Reuters of around 30 analysts and housing market experts has concluded that there could be a one in three chance of London’s housing market losing significant value by the end of next year if we end up with a “no-deal” Brexit. The panel also predicted that property prices in the capital will drop by 1.6% over the course of 2018, with a further, more modest 0.1% fall next year. As the deadlines for coming to a decision on a Brexit deal loom, fears are rising that leaving the EU without a formal agreement being reached could be a very real possibility. According to the experts, there is around a 29% chance of a “significant correction” in London’s housing market before the end of 2019.
Despite the Brexit woes, Jaffray Estates have seen an increase in buyers in the central London market since the beginning of the summer.
SOLD: Baker Street W1
A 3 bedroom 2 bathroom apartment, with a secure parking space, in a modern apartment building with porterage, situated on Baker Street.Guide Price: £1,850,000
SOLD: Montagu Mansions W1
A newly refurbished 3 bedroom 2 bathroom apartment in a popular red-brick mansion block with 24-hour porterage situated behind Baker Street.Guide Price: £2,195,000
4 Bedroom in Portman Square W1
A rare opportunity to buy a front facing apartment, that has been in the same family for over 30 years. The property is situated in a well maintained Art Deco 24-hour portered block enjoying direct views over Portman Square Gardens The property requires full modernisation and a new lease to be granted by The Portman Estate.
Guide Price: £2,895,000
Click HERE for further details.
Recent interview in The Marylebone Journal
Nicholas Jaffray was recently interviewed by Marylebone’s number 1 magazine, The Marylebone Journal, titled: The secrets on selling, the importance of trust and the appeal of Marylebone.
Full article can be read HERE