Liquid error: wrong number of arguments (2 for 1) Estate Agent Networking: BRITISH BUYERS RETURNING TO LONDON MARKET | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

Estate Agent Networking: BRITISH BUYERS RETURNING TO LONDON MARKET

Tue 24 Nov 2015

British buyers are returning back in numbers to the London property market while overseas buyers are being putoff by higher taxes, Brits now account for well over two thirds of purchases in the capital's prime post codes,according to a new study by estate agent Marsh & Parsons.
The report said overseas buyers have been put off by stronger sterling, stricter Government measures onnon-domicile status, and heftier Stamp Duty for higher value purchases, UK buyers are filling that void left bythem, in Its latest London Property Monitor it has revealed that four out of five homes in the capital were boughtby Brits in the third quarter of this year, up from three-quarters a year ago.
In the study it noted that overall demand for Prime London homes has grown in the three months to September2015, and the number of registered buyers has climbed 4%. The Capital now has 14 buyers for every availableproperty for sale, buyer competition is increasing whilst a drop of 5% has been seen in the supply of properties.Peter Rollings, CEO of Marsh & Parsons,reportedly said: "The London property market has had to grit its teethand bear the brunt of some rather trying taxation changes in recent months. At the high-end buyers are at therock face of the new steeper Stamp Duty, and from overseas the strength of Sterling, and Governmentencroachments on nom-dom status make investing in the London property market seem daunting.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close