The GV Perspective
Spring 2018

The London property market is undoubtedly resilient. Despite major property tax changes, together with the well-documented prevailing period of political uncertainty, prices are only running at just 8% below the 2015 peak. While further price corrections are a possibility during 2018, there are indications of stability within the market. These are reinforced by positive noises coming from the economy in terms of consumer confidence, falling inflation and record high employment rates.

The higher transactional costs of purchasing property are providing shrewd buyers with the leverage to increase their negotiating power, while the increase in instructions is offering a wider choice of property. The price corrections, combined with political instability across the globe and the relatively weak pound, continue to capture the interest and provide opportunities for the international investor in the London property market.