Despite the continuing uncertainty surrounding Brexit the local property market seems to be seeing something of a revival. In the lead up to Easter we have registered a record number of buyers and demand is currently the highest we have seen so far this year.
Buying your first home can be a daunting prospect financially. For many Londoners, it can seem a faraway fantasy. But property has always been regarded as a desirable asset and a worthwhile investment, and that’s exactly what it is: an investment. It’s not just about buying a house in the same way as you would a new road bike or Mulberry Handbag. Purchasing property of your own is not only a sign that you’re moving up in the world but also that you’re making a long term financial commitment.
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The uncertainty in UK politics during the lead up to Brexit – like many political changes have in the past – has created a feeling of uneasiness in the property market. Some people are holding off ‘until after Brexit’ before they begin to look at properties to buy or put theirs on the market. As we have said in previous posts, while it’s always, always best to be cautious and do your research, moving home is something that Londoners need to do at various stages in life due to important changes such as new jobs, new relationships or family considerations.
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