Following a strong second half to 2020, which carried on during the first half of 2021 due to the stamp duty holiday, you’d have been forgiven for believing that Q3 2021 would be quieter. Instead, the number of homes sold at £2 million or more is up 5% versus Q3 2020 and 21% higher than the 2015 to 2019 average. Prices are on the increase too, with both houses and flats recording annual increases in September. For those looking to renew a rental agreement, or search for a new place to rent, the increased demand has already led to prices rising to pre-pandemic levels given availability across prime London stock has fallen by 68% compared with the same point a year ago.
However, simplistic statements often mask what’s happening in the capital’s property market, as well as in the commuter belt – which has expanded as people have continued to work from home for several days a week.
For a whistle-stop tour of what’s really happening, what’s hot and what’s not, and what homebuyers and investors might want to consider in the coming months, David McFadzean, head of wealth management, speaks to Marcus Dixon of LonRes and Mark Francis and Jane James from London’s Surveyors and Valuers. Join them for a 30-minute webinar, plus extra time for a Q&A, at 12.30pm on Tuesday 30 November.
STAY UPDATED ABOUT WHAT'S HAPPENING IN PROPERTY
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.