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Latest London Property News – September 2018

Market Overview

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.

Latest London Property News – September 2018

Recent Sales

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
Baker Street W1

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
Montagu Mansions W1

New Instructions

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.

4 Bedroom in Portman Square W1

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

Jaffray Estates

Get In Touch

If you are due to arrive in London soon, do get in touch with Nicholas Jaffray directly, on 020 3475 1745 or email at: nicholas@jaffray-estates.co.uk, should you wish to discuss your current property requirements.

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