Property prices at the luxury end of the London market have dipped slightly in recent months, but for those looking to secure the best value deals, now is the time to invest.
This dip is attributed to economic and political uncertainty following the vote to leave the EU, increased taxation and weaker demand. But this means it is the perfect time for investors with their fingers on the pulse to find a good deal on the market.
Assisted by a 5% fall in property values in the last year, and the drop in the value of the pound sterling following the UK’s decision to leave the EU in June, buyers are now taking advantage by buying into the luxury marketplace.
The drop in value of the pound sterling and favourable interest rates continue to ensure that the luxury London market, especially properties in Belgravia and Mayfair, remains an enticing prospect for overseas investors.
Now is a good time for investors to make a move and buy into the luxury marketplace. Despite a slight fall in property values this year, the market remains resilient, and investors will reap the rewards if they invest now.
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Property Investor Today