Rutland Gate, SW7

5 Bedrooms Apartment for Sale in London

£ 9,500,000



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Hans Place , SW1X

2 Bedrooms Apartment for Sale in London

£ 2,495,000



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Ebury Street, SW1

4 Bedrooms House for Sale in London

£ 7,950,000



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Rutland Gate, SW7

5 Bedrooms Apartment for Rent in London

£ 4500 per week



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Queen's Gate Gardens SW7

2 Bedrooms Apartment for Rent in London

£ 925 per week



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Kensington Church Street, W8

3 Bedrooms Apartment for Rent in London

£ 900 per week



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Hans Place, SW1X

2 Bedrooms Apartment for Rent in London

£ 1195 per week



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De Vere Gardens , W8

2 Bedrooms Apartment for Rent in London

£ 1995 per week



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Market Comment

There was a marked pick-up in activity in the final quarter of 2016 which has continued into this year largely driven by overseas buyers taking advantage of the weakness of Sterling. London remains the market of choice for international buyers with 73% of transactions in 2016 involving an overseas buyer compared to 40% in New York and 33% in Paris. This is a trend that is likely to continue in the second half of 2017 with buyers from Europe, the Middle East and China drawn by the weakness of the pound.

While activity has risen, sales are taking longer to complete. In the six months to March 2017, the average time from when a property was listed for sale to the date of exchange rose by a third compared to the same period 12 months ago, an analysis of Knight Frank data shows.

Looking ahead, despite the uncertainty engendered by the election, there is a real potential for further growth in activity. While exchanges were higher by 13% between January and May 2017 compared to 2016, there was a 36% rise in the number of properties under offer.
However the market remains extremely price sensitive and the continued pick-up in activity is reliant on properties being priced realistically.

The residential market in Dubai continued to soften in the first half of 2017 according to a Knight Frank research. The prime residential market had declined 4% in 2016 having fallen 5% in 2015; however the General and Prime REIDIN sale price indices remained flat on a monthly basis since August leading Knight Frank to conclude that the residential market is reaching its cyclical trough.
The outlook for the UAE in 2018 is positive as oil prices are expected to recover which will in turn boost government revenues and increase spending on infrastructure and development projects., which along with other investment projects, will generate jobs across the economy and reflect positively in the Dubai real estate market.
Before the end of last year, Savills shared a similar view that values and rental rates would begin to rise again over the next 12 months, having noted increased sale prices in some sub-sectors.
Further optimism is also founded on the fact that Expo 2020 will likely give the city a $23 billion boost to the economy. It will also bring 25 million visitors to Dubai, highlighting the need for accommodation and the investment potential of entering the market now as it begins to demonstrate the start of a new period of growth.

 

The French market performed well in 2016, a year when property sales rose by 11% and house prices increased by 2%  (source: Knight Frank). This trend is likely to continue in 2017 and could lead to a return to the pre-crisis levels of 2006.

Whilst Brexit and the US elections were expected to slow down the French property market it is its resilience that was shown and highlighted instead as throughout the first quarter of 2017 enquiries from potential buyers increased and the number of sales too showed an upward curve. This improvement is expected to carry on into 2018 and beyond. As interest rates remain low and there is an increasing number of serious vendors selling at realistic prices, buying property in France currently represents a sound investment.





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