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October 4, 2016

In The Media

Post Conservative Conference Comment: Sterling Reaches New Low

Following yesterday’s conservative conference, and Theresa May’s speech confirming that Article 50 of the Lisbon Treaty will be invoked no later than March 2017, we have seen sterling reach a 3 year low against the euro (£1 =€1.1460) and a 31 year low against the $ (£1 = $1.2796). The devaluation of sterling, as well as further vulnerability in the weeks ahead, bodes well for foreign buyers looking to take advantage and step into the PCL market this autumn. However, if the government wants to see inward investment to help prop up the market in PCL to bring transaction levels back in line with figures seen over the past couple of years then the chancellor is also going to have.

 


October 3, 2016

In The Media

Generation Rent

Generation Rent is no longer simply theoretical. It’s here to stay for another decade, according to PWC, who say that by 2025 only 40% of Londoners will own their own home. That marks a U-turn on the situation in 2000, when 60% of Londoners were homeowners. By 2025, say PWC, the majority of 20-39 year olds will be renters. This is standard practice in the rest of Europe and tenants will be looking to get greater security of tenure with rental contracts often lasting 5-10 years. Besides the security that offers to the tenant, landlords will have the benefit of tenants they know and can trust over a long period; no void periods to worry about; none of the expense and.

 


A Good Time To Buy London Property
September 23, 2016

News

A Good Time to Buy London Property

It would seem that after a slow summer the autumn market is off to a good start with a substantial increase in viewings from prospective buyers. Vendors who are pricing their properties more realistically are attracting offers close to their asking prices. Here at Nicolas Van Patrick we are relieved by this but not entirely surprised, as domestic buyers who are willing to step into the market now are getting 10-15% of capital values, from the peak of the market back in 2014, and international buyers whose currency is pegged to the US dollar or Euro buyers are getting another 10-15% on the currency conversion. Bearing these significant discounts in mind, we’d say this is an excellent time to buy in London.

 


Kensington & Chelsea Magazine
June 15, 2016

In The Media

Kensington & Chelsea Magazine: The Three Musketeers

We are thrilled to feature in this June’s edition of the Kensington & Chelsea Magazine. To read the full article, please click here. The NVP Team