Guest blogger Camilla Dell of Black Brick discusses what the EU Referendum means for buying agent clients
21 June 2016 |
In the run-up to the referendum, we are seeing two types of clients. Those who are all too aware of the referendum and the uncertainty that surrounds it, and those who couldn’t care less. The former want to put their search on hold until the result is known, while the latter want to buy, and buy now. Should we vote to leave, uncertainty will remain but with the possibility of sterling weakening further, London property could present a particularly attractive proposition to foreign buyers. A yes vote would mean a return to normality. In fact we may even see a pickup in transactions as the market absorbs pent up demand. That all said, it’s my view that London will retain its attractiveness to wealthy international buyers regardless of whether the UK remains in the EU or not; its culture, geographic location, legal system, and concentration of talent mean that demand for prime central London property is unlikely to diminish.
About the author
Camilla Dell
Managing Partner, Black Brick
Camilla founded award-winning independent buying agency Black Brick in 2007. An holistic property consultancy, Black Brick’s services include property buying, investing, managed sales, property management, rental search and a vacant property care service. The Black Brick team collectively boasts over 100 years’ experience in the London property market and has successfully sourced and acquired nearly £1 billion of residential property for private clients. Before setting up Black Brick, Camilla worked for leading estate agents Foxtons and Knight Frank.
Sign up to the Lonres newsletter