The Golden Venn Perspective
Winter 2020

Markets like certainty and an emphatic election result has brought a new wave of confidence to the prime London residential market. At Golden Venn, this optimism has translated into increased interest from both domestic and overseas buyers.

We saw the start of this in December, where transactions were at their highest monthly level since March 2016. Pent-up demand, which has in part been fuelled by sellers adopting a ‘wait-and-see’ strategy, is set to breathe life into the spring market.

While Sterling has rallied, it is still below pre-Brexit levels and this, together with an average of independent forecasts predicting a return to growth not just in 2020 but over the next five years, and the potential of additional property taxation charges, is adding a sense of urgency to the market. Buyers may be advised to make their move sooner rather than later.