Guest blogger: Trevor Abrahmsohn of Glentree International on the impact of the EU Referendum
21 June 2016 |
If following the referendum the country votes to remain in the EU, those factors currently impacting the market above £1 million, such as - stamp duty, fiscal changes to buy-to-let, Non Dom status – will remain. Such is the climate at the moment that house prices in prime London are not rising, and in some places falling. Renting, which is already being seen as a viable alternative to buying, could be buoyed still further if the country was to remain in the EU. And if the country was to leave? For a while the pound is likely to fall against the dollar and there may be a period of uncertainty during which trade agreements are put in place and property prices could fall further. But this will present opportunities for buyers particularly for international purchasers.The lettings market could well strengthen as an inflow of investment by international companies search out places for their employees to live
About the author
Trevor Abrahmsohn
Managing Director, Glentree International
Trevor is Managing Director and founder of Glentree Estates Ltd, one of the longest serving up-market specialist estate agencies, under the same management, in North West London. Glentree specialise in the luxury property markets of Hampstead, Hampstead Garden Suburb, Kenwood and Highgate and are responsible for many of the sales on The Bishops Avenue. Trevor’s knowledge of the London housing market mean that his views are regularly sought by the quality broadsheets and leading broadcast media.
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