#property Brexit primeLondon

[judithsummer]

Should you buy property in Prime London now?

I think so! And not just because I am a property finder!

I have not seen prices in Prime London so low for a long, long time. And I have not seen people so willing to accept a discount.

What about Brexit, I hear you say? What about it? No-one knows quite how that is going to pan out, but the fact remains that Prime London is a nice place to live, and, so far as I can possibly tell, there is nothing to suggest Armageddon in May 2019.

We don’t know if some of our London bankers etc will have to relocate to Europe.  But I think that is why prices are what they are at the moment. Even if there is a relocation of certain workers and a rebalancing in the property market to adjust for fewer buyers at the Prime level, a property in London won’t suddenly become unattractive. Prime London will still have a lot to offer post Brexit – leading national and international schools, parks, houses with gardens - not just flats, shops, theatres, art, culture, history, beautiful buildings, excellent infrastructure, multiculturalism, English speaking – the list is endless. Business in the City will not suddenly cease in May 2019. People will still live in London, and people will still have jobs in London, and there will still be richer people who will still want nice, centrally located houses in Prime London. Prime London will still have its international investors, as a property held in Prime London is usually a better financial move for people, especially in the long term, than the negative interest rates they are experiencing in some of their own countries, although some would argue that whoever would want a property in London already has it.

And with the market going into its traditionally quieter (and therefore cheaper) time in this end of autumn/ beginning of winter season, there is all the more reason to act soon.

So I would say it is worth buying in Prime London now or nowish, as long as you buy at the rock bottom level, rather than the inflated price, and especially if you are in it for the long term. Financial indicators are that British business is booming and unemployment is at all-time lows. And if you are thinking about buying soon, interest rates are still low, even though they were raised to 0.5% a couple of weeks ago. And you can still lock yourself into low deals. Please contact me if you wish me to recommend a mortgage broker.

If you have the funds to make a purchase at the right price, go ahead, and thank me in 10 years time!

These are links to my books on buying and selling property in the UK.

http://www.amazon.co.uk/dp/B01JWP7ALK and http://www.amazon.co.uk/dp/B01JXW0BIQ

http://www.simmaproperties.co.uk