Rutland Gate, SW7

5 Bedrooms Apartment for Sale in London

£ 9,500,000



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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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De Vere Gardens , W8

2 Bedrooms Apartment for Rent in London

£ 1995 per week



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Market Comment

Lower prices and more realistic and motivated sellers have brought more buyers back to the Prime Central London market against a backdrop of political uncertainty, tax increases, the ongoing Brexit negotiations and the increasing likelihood of interest rates rising. International buyers from the Far East, India and the Middle East have been tempted back to the market by softening prices and the weak pound – the number of properties sold in the first half of 2017 was up 3% over the same period a year ago. The market remains extremely price sensitive but there is activity where prices are not over ambitious.

The rental market has continued to perform well with the number of properties let in the second quarter rising by 9% over the previous year. In many cases buyers have changed tack and chosen to rent rather than buy in the uncertainty surrounding Brexit.

A slowing rate of decline in prices suggests that the Dubai real estate market could be ‘bottoming out’ before the end of 2017 according to Cluttons. The off-plan residential market however has remained resilient accounting for 53% of all deals in 2016 indicating that investor confidence remains strong aided by favourable payment plans and competitive prices.

With prices bottoming out many international investors now see Dubai as a better value option compared to other markets as the sustained downturn has bolstered yields. According to Chestertons the mid to longer term outlook is positive with many tourism related projects driving the economy towards Expo 2020.

Market sentiment has improved since Macron’s victory in May and the outlook is positive with an increase in GDP forecast for 2018, consumer sentiment at its’ highest level since 2007, and interest rates at an historic low. According to Knight Frank demand for property in the Cote d’Azur from international buyers looks very bullish due to a combination of softer prices, a strong US Dollar and improved economic activity.





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