Why buy in London? Glentree’s Trevor Abrahmsohn shares his thoughts with London Property

“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!

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The Marching Morons* of the Residential Property Market

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

Government cutting red tape on the constipated planning process

I shout ‘Hallelujah!’ about the latest government proposals to circumnavigate the mindless red tape and labyrinthine process of planning procedures, which have held back the housing supply of affordable and private homes to-date.

In the Thatcher era, we built 300,000 new homes and today we barely dribble out 150,000 of the ‘little buggers’ and although Prime Minister May did make some useful soundings about housing supply, Boris is ‘trying’ to get the deal done. Continue reading