The London Residential Property Market
What does the prime residential property market in London look like at the moment? Residential Property partner Helen Marsh and associate Georgina Haddon join podcast host Miri Stickland to discuss the level of activity they are seeing, drivers for overseas investment into London and challenges affecting the market, including the proposed leasehold reforms.
“There are fewer transactions, especially at the very high level, but there is also huge competition for the prime properties which are on the market. Brexit, the current SDLT regime and the general election will have all contributed to the rather strange state of the market.”
“We are seeing a new pool of overseas investors coming forward because the currency conversion rates are strong for them. Other market factors will also play a part, such as local political unrest and our highly thought-of education system. London is perennially popular.”
“There is a lot of talk of change and improvement of our current laws on residential leasehold, including abolishing ground rents. One of the issues with this is that the ground rents do also give landlords an incentive to stick around and carry out their maintenance and repair obligations.”
In this episode we were joined by:
- Helen Marsh, Partner in our Residential Property team
- Georgina Haddon, associate in our Residential Property team
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