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What’s happening with London property?

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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Published 30 November
45 mins

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.

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.

Jane James

Jane James

Jane qualified as a chartered building surveyor in 1990, and has worked in the residential sector ever since, joining London’s Surveyors and Valuers in 2013. She has over 20 years’ experience in carrying out valuations and surveys in London and Surrey and was previously a Regional Manager for a national firm of chartered surveyors and valuers.

 

Jane is able to provide valuations, home buyer reports and building surveys and is happy to discuss her findings with clients ‘post inspection’. An associate director, she primarily covers areas to the south of London, including Surrey and Kent.

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.

Mark Francis

Mark Francis

Mark has been practicing in London for over 30 years, having qualified as a chartered surveyor in 1990 at the first attempt. Mark has worked in-house for banks, in private practice and headed up the prime division of a national surveying firm before joining London’s Surveyors and Valuers. An associate director, he is well versed in seeing all sides of the survey and valuation process.

Mark is proud to have been part of London’s for ten years, surveying some of the best properties the capital has to offer, as well as auditing his colleagues’ reports.

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