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Q2 London residential property market update

David McFadzean joined Marcus Dixon of LonRes and Rob Cohen of the MJ Group to discuss the current state of London’s residential property market, what’s been behind the news headlines and what to expect in the coming months.
Published 23 June
50 mins

The UK residential property market has hit significant highs and lows during the last 18 months, due to the pandemic, politics and how professional life is changing, but what’s should buyers and sellers be aware of?

On the political front, the rental eviction ban for COVID-19 sufferers ceased on 31 May 2021, and notice periods and property taxation relief are being reduced. Investors and owners, meanwhile, have continued to see property prices and rental yields influenced by flexible working decisions and, while lockdowns were easing, virus variants have continued to dominate news headlines. And there have been other matters also affecting sentiment.

In a session hosted by David McFadzean, head of wealth management at Nedbank Private Wealth, we heard from Marcus Dixon, head of research and data analysis at LonRes, and Rob Cohen, managing director of the MJ Group International. The discussion saw our experts provide an update on the latest market news and views, as well as share their predictions for the coming months.

Clients can borrow against a UK, Isle of Man or Channel Island-based residence, be it a home or an investment property. We also lend against investment portfolios, and loans can be denominated in Sterling, Euros or US Dollars. With clients in 160 countries, we often help clients based outside the UK, and have lent using the same approach across market cycles since 1987.

 

To find out more about Nedbank Private Wealth’s bespoke lending services, please contact your private banker directly or call our client services team on +44 (0)1624 645000. Or you can get in touch using the links to the forms towards the end of this page.

If you fail to keep up loan repayments, your assets used to secure the loan may be at risk and/or your home may be repossessed. Any examples are for illustrative purposes only. The webinars and Q&A do not constitute an invitation or inducement to buy any financial product or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.

about the presenters

David Mcfadzean

David McFadzean

David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.

 

He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.

 

David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.

Marcus Dixon

Marcus Dixon

With over 17 years of experience, Marcus is one of the property sector’s leading residential housing analysts. Marcus joined LonRes as Head of Research in 2015, specialising in analysing and reporting on London’s prime housing market. Marcus regularly appears in both the national and industry press.

 

LonRes is a platform for an exclusive network of 6,000+ well-known and established property professionals. LonRes offers unique, real-time data on London’s sales and lettings markets and benefit from the most comprehensive archive of London’s properties in the market.

Marcus can be reached by email at marcus.dixon@lonres.com.

Rob Cohen Mjgroup

Rob Cohen

Rob is the founding director of MJ Group International, a niche international valuation practice. With over 27 years of experience in the real estate sector focusing on upper tier prime and super prime residential valuations. Rob graduated from the Westminster University with a Building Surveying/Engineering degree, and went on to work for CBRE. heading up an international valuation team for European cross border clients.

 

In 2020, the MJ Group valued around US$20 billion worth of assets under management or loan security. Its core markets are the UK, Spain, Portugal, Italy and Gibraltar.

Rob can be reached by email at robert.cohen@mjgroupint.com.

Access more of our insights

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What's happening with London property?

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David McFadzean joined Marcus Dixon of LonRes and Mark Francis and Jane James of London’s Surveyors and Valuers to discuss the current state of the London property market, what the stories are behind the news headlines and what homebuyers and investors might expect to see in the coming months.

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