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What does Brexit mean for prime London?

The prime London market is facing a lot of concerns, including a weak pound, the threat of reducing employment levels, mortgage constraints and higher taxes (Savills Residential Research, September 2016). 

After experiencing exceptionally strong growth since 2014, many experts believe that zone 1 and 2 no longer offer the best investment opportunities, with levels of risk increasing and development opportunities decreasing. 

Brexit has caused even more problems, with high value stock dropping in price which has been largely blamed on political uncertainty. 

A further 3% stamp duty surcharge for second homes and investment stock caused a spike of activity prior to April 2016, but the market has since corrected. Prime London has seen prices drop by 8% since 2014, with several investors turning their back on overpriced central assets (Savills, 2016 Global Review). 

However, lower value stock in both the regions and the fringe of London has experienced capital growth (CBRE Research, 2016). Furthermore, these are the sections of the market that Inspired Asset Management focuses on. 

Our developments are located in the main hot-spot property areas, which experience the largest levels of capital appreciation. These include Croydon, Epsom, Sutton, Crawley and Chertsey and we have successfully managed to develop a track record of using permitted development rights to convert old offices into superb London studios and apartments. 

We believe strongly that the outer skirts of London offer the best development opportunities, with transport links constantly being improved thanks to regeneration schemes. 

We have already proven incredibly popular with investors and more interestingly, first time buyers. We are doing our part in helping to fix the housing crisis that the UK’s is currently facing by building London homes which offer the perfect urban lifestyle, but with an affordable price tag. 

That’s why we manage to bring our London properties to market at prices starting at £235,000. Furthermore, we also have help to buy in place on most of our developments, meaning that a London home could be yours for just 5% if you are a first time buyer. 

For more information on our properties, please speak to our team on 0208 688 6552

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