Many people often flirt with the idea of reduced commuting times by moving more centrally, either as a pied a terre or to sacrifice space for location. Just imagine all those Christmas drinks and meals that are on your agenda and how you could walk home after, instead of catching the last train and remembering not to fall asleep and ending up in Portsmouth or beyond!
I’m disappointed the Chancellor hasn’t decided to make changes to resolve the higher price brackets of stamp duty by trying only to help first time buyers, which will continue to reduce transaction levels in central London property.
A lot has been said recently about why generation rent (the millennials) will not be able to get on the housing ladder. The question is do they actually want to in some cases. Some titter that if they stopped buying coffee at £4 a throw and smashed avocado on toast for a tenner they’d be in a much better position to save up a deposit to buy their own home.
As we approach the end of the year we’ve seen an increase in buyers looking to close on purchases so they can move into their new properties by Christmas. With the Oxford Street lights now on, time is ticking.
Good news or bad news? Well mainly good I’d say if we look at the reality.
Luxury properties in central London is pretty much expected as standard now for many buyers these days. The word luxury may seem somewhat overused, but many developers are listening to what the consumer (buyers) are looking for.