Here we are, as a nation, trying our best to recover our economic growth, without having the benefit of the usual stimulants which helped us so profoundly after the ‘crash’ of 2008 i.e. Quantitative Easing, cheap money and a buoyant housing sector.
With the added uncertainty of Brexit, we are now introducing yet another form of regulation/compliance, the GDPR (General Data Protection Regulation). Continue reading
It looks as though the rental market, at the higher end, has gone completely ‘nuts’. The reason being that, believe it or not, we are presently trying to find a suitable super, luxury mansion for an illustrious uber tenant to use for only a three months at, wait for it, an eye-watering rent of £50,000 plus per week.
To be honest, this reflects a new trend amongst certain foreign international clients who, in some cases, would prefer to pay an obscene rent, rather than purchase a property.
In a ‘bearish’ property market there are usually more properties available than there are buyers to purchase them and the negotiating power favours the purchaser rather than the seller.
I have to say that there is nothing more effective at ‘cooling the passion’ of a keen buyer than a property that is over priced. It is the biggest ‘turn off’ for serious buyers!