The last four weeks have produced times of uncertainty, yet new research has shown how property sales in London jumped by almost 40% in the week which followed Brexit. These new figures defy any belief that Brexit has caused a halt in the market and that investors are questioning potential purchases in the capital.
Prime real estate in areas such as Chelsea, Mayfair, and Knightsbridge jumped in the week after June 23rd following the referendum. A possible cause for this jump is the dropping value of the pound. Many overseas investors have taken advantage of the exchange rate and bagged so-called ‘bargains’ in London, with sales increasing by 38% according to data from Knight Frank.
When it comes to the doughnut area of London, the average price of a property still sits above £600,000, and sales are still proving incredibly strong.
However, at Inspired, we believe that this is simply unattainable and we want first time buyers to be purchasing houses at the same rate as the Russian oligarchs and multimillionaires. That is why we dedicate ourselves to building unique homes that are designed with young, hard-working Londoner’s in mind.
In addition, our Inspired apartments are fitted out with wooden floors, marble bathrooms, and Bosch appliances, to ensure that you are able to live a high-quality life with the latest home technologies.
Finally, we place a huge emphasis on our shared living spaces. When you purchase an Inspired property, you are able to take advantage of our award-winning sky gardens, cinema rooms, and residents lounges…and our apartments start from just £199,950