Debate over the fall-out from Brexit, and in particular its impact on property values in prime central London, will continue long after Britain’s departure from the EU is confirmed at some point in 2018.
Since the result of the referendum became clear on 24 June, a range of opinions have been voiced. Some property professionals are saying history tells us that changing markets provide opportunity.
On the other hand, British Property Federation chief executive Melanie Leech says: “We now face a prolonged period of uncertainty.”
But she adds: “We may see a short-term ‘bounceback’ in transaction volumes, as those who have been waiting until the referendum is over make their move.”
Whatever the impact of the referendum on the property market in Belgravia – and the truth is nobody can say with any certainty what it will be – homes in exclusive areas of the capital will remain highly desirable.
London’s reputation as a world-leading city among the financial, educational and retail elite will continue to attract visitors and investors alike.
Less well known, however, are the city’s growing number of luxury outdoor restaurants. Al-fresco dining is no longer the preserve of The Roof Gardens in Kensington.
Here are three outdoor restaurants within easy reach of Belgravia that each offer an outdoor experience to rival their menus…
Boisdale of Belgravia
Where? 15 Eccleston Street SW1W 9LX
Situated in an elegant Regency townhouse moments from Buckingham Palace, this high-end Scottish restaurant is decorated in masculine red and grey with tartan upholstered seating. The menu includes roast Dumfriesshire Blackface haggis, wild rabbit from the Scottish borders, Aberdeen Angus steaks plus an extensive choice of Scotch, Irish whiskey and bourbon.
Dining areas include the atrium roofed Macdonald Bar, the Courtyard Garden and the Cigar Terrace where live jazz is served up.
Where? 55 Marylebone High Street W1U 5RB
Awarded three AA Rosettes in 2016, Orrery’s dining room on the first floor of a converted stable block overlooks St Marylebone Church gardens. The rooftop terrace is lined with delicate lavender and olive trees that transport diners to the south of France. An added bonus is the canopy, which offers protection against typical British weather.
Rooftop Retreats at John Lewis
Where? 300 Oxford Street W1C 1DX
The rooftop at John Lewis on Oxford Street has been transformed and during the summer is hosting pop-up restaurants and a coffee bar, which all share the space with a garden that supplies the fruit and herbs for the bespoke cocktails. Eat and drink cocktails in the garden or take part in organised activities such as yoga. The food on offer includes Cornish cod, Welsh lamb and lobster, while deserts are finished off with the venue’s own rooftop honey.
Before heading off to enjoy the gastronomic delights – and expertly-mixed cocktails – at any of the outdoor restaurants we’ve picked out for you, here’s something to chew over…
If the UK’s upcoming notice to quit the EU is making you think about leaving Belgravia, Chelsea, Knightsbridge, Mayfair or any other part of London, two sets of new statistics reveal the importance of obtaining an accurate valuation of your home before putting it on the market.
Just 13,168 owners of property in London put their home up for sale between the start of 2016 and the week of 10 June. But during that same period of time 6181 property owners whose home was listed by an estate agent reduced their asking price, according to data firm Lon Res.
It takes an average of about 258 days for a property sale in Belgravia to go through, including the normal 28 days between exchange of contracts and completion, when its valuation reflects the home’s condition and the current state of the market.
Our experienced property professionals have an in-depth knowledge of the local market in and around Belgravia and are ready to give you an accurate valuation of your house or flat. For more information, get in touch with Best Gapp today. You could be surprised how much your property is worth on the open market.