According to Knight Frank, they’ve seen their highest rate of buyer interest in the past 15 years and it’s all down to Brexit. Industry professionals are even having to ‘stagger’ their waiting lists. The uncertainty of the election has been lifted and people can now make property decisions.
Will Watson, Head of London at The Buying Solution, says; “We had an 80% increase in new January sign ups when compared to the same time last year, with budgets ranging from £5million to £25million. They were all push button ready post election. The internationals in particular are trying to complete deals before the March budget announcement as there is a high chance stamp duty will increase for those based outside of the UK. Momentum is such that new build deals, in particular at major developments within the Capital, are being transacted at a fast pace to ensure quick exchange and completion. American buyers too, who have always had a love affair with Notting Hill, are also working hard to secure purchases in hotspots such as Westbourne Grove and Bayswater to capitalise on the Whiteleys regeneration before sales start there later this year.”
To read the full article click on the link here; https://www.telegraph.co.uk/news/2020/02/03/brexit-sparks-housing-boom-capital-estate-agents-reporting-highest/