BackLondon has always been a top choice for home buyers and investors from across the world and has enjoyed a fairly solid performance in a post-Covid world. However, a changing economic climate and the appointment of a new prime minister have cast a shadow of uncertainty over the future of the market. Laura Conduit, a Partner in the Residential Property division of Farrer & Co., talks about the key drivers in the London market and why it might be too early to suggest that things are headed for a sustained downturn.
In this episode, we cover:
- The range of services offered by Farrer & Co.
- Uncertainty in the market due to current economic factors
- Main drivers in London's prime markets and what the hottest areas are
- Predicted impact of the energy crisis
- Important things that buyers and sellers need to be aware of in the current market
- Awareness of the tax and duties to be paid when buying a second property in the UK
- Outlook for the London market over the short to medium term
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