Top Recommended London Buying
There’s been a genuine need to buy in London, especially in the final quarter of 2017, Charles McDowell says. ‘ Purchasers perceive that prices have been adjusted enough to make it attractive,’ he adds, telling Spear’s of a slew of new Middle Eastern and Far East clients.
Nonetheless, the market had suffered a long-term impact since 2014. ‘It basically goes in the order of George Osborne’s [SDLT changes], Brexit, and the fear of Jeremy Corbyn,’ McDowell says.
Will the prime central market ever return to normal? ‘I think we have a new normal,’ he says. ‘It will have its good times; London still remains very popular with people from all around the world.’