Our esteemed Chancellor was kinder than we had feared. The hikes in Capital Gains tax which certainly would have affected the buy-to-let market, were not present and the Stamp Duty moratorium will continue to the end of June, with a Nil band rate set at £ 250,000. This will give a respite to those buyers who were anxious that completions on their properties would not take place before the previous deadline at the end of March. Continue reading
“30 to 40 years ago London was an interesting, souvenir city. But now all the centres of excellence are in one place. London is the happening place.”
30 to 40 years ago London was an interesting, souvenir city. Rich in heritage, perhaps like Paris is today, without any commercial relevance in the world. What’s happened since Margaret Thatcher has reformed London and decentralised it and allowed it to fly free, over time it has become a colossus. London is the happening place.
One of the key reasons why people buy in London is, for instance, if you were a banker and you went to York. It is likely that if your child wanted to do politics they would be in Washington, if they wanted to do films they would be in Los Angeles and if they wanted to do semi conductors they would be in San Francisco. It’s likely that our family would be spread out which is why Thanksgiving, Easter etc is so important to Americans because they convieve as families, where they are not normally together.
In London, all the centres of excellence are in one place. So, if you are studying at Imperial College, which is the finest technical university in the world, cutting edge education. If you wanted to study culture, motor racing, films or television or anything to do with insurance, banking or corporate finance, London is the happening place.”
Whether you’re looking for a temporary or permanent home, we can help you find the best properties in NW11 and North West London. Contact us today!
Although the mass-suicide of lemmings is disputed (apparently, they’re just following biological urges and can’t always see the edge of a cliff), it would seem that property valuers and analysts are indulging in the same behaviour. The rumour-mill has been cranking out reports that prices in the residential property market will undergo a significant correction of circa 14% after the Spring of 2021.
Is this prescient foresight or doom ‘n’ gloom prognostication? Let’s look at the economic fundamentals.
One side-effect of all this Covid chaos is the growing chasm between residential property consumers and the parlous state of the economy. Continue reading