Central London - Always ahead of the curve
Thursday 20th February 2025
As ever, the Central London property market is quite different to the rest of the country.
For the past 40 years, i.e. since the days of Thatcher, London has attracted foreign capital into prime property, plus inward investment into the UK as a whole.
Attracted by the benign cultural environment and the (relatively) business-friendly economy, many of the world’s wealthy have made London their home.
Some tolerated the Tories in the last decade but now we have an even more economically illiterate Labour government, foreign nationals are stampeding for the exit like a herd of wildebeest.
Property price trackers across the country rely largely on Land Registry data which is always considerably behind the curve. In Central London, we have the excellent inter-agent subscription data Lonres.com which gives those in ‘the trade’ like bank surveyors and buying agents daily data updates.
So, London buyers are way ahead of the curve compared to the rest of the UK and need never make an uninformed decision on the ‘right’ price to pay.
The net effect of the above is that prices have dropped quite quickly in Central London in the last few months. It is never clear when they will hit the bottom of the curve, but it may be more rapid than some imagine.
2025 could be a good year for the brave to buy in Prime Central London.
Discuss!
Until next time,
PB
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