After the victory of the conservatives, the real estate market in London has experienced the manic demand from buyers

Reports from agencies of the real estate market of the London show that a huge surge of buyer activity and new deals was observed as soon as the election results became apparent. Over £200 million pounds has been spent by investors, once it became known that the conservatives will form the new government in the UK.

For example, the Executive Director of the company Wetherell, located in Central London, said that their company only on may 8, the day after the election , entered into transactions of £29 million of residential real estate , including the £26.5 million in Mayfair . According to the realtor, starting Friday he was approached by several clients asking to hurry to start selling in a new residential complex of luxury properties, which is set to launch. All this shows that in the market of elite real estate of London in the next few months it is expected an exciting time.

Another representative of Agency of elite real estate – Gary Hirsch, managing Director of the boutique estate Agency Beauchamp Estates, said his company continues to make deals for a £20 million committed in last Friday , which were the result of delayed activity in connection with the uncertainty of the outcome of the elections. According to Gary, soon we will see the return of the real estate market to previous levels of activity, and possibly growth , because the market is bound pre-election fears, got the green light. Market participants would be vulnerable ahead of elections. First, the risk of political uncertainty, and secondly, the possibility of introducing a “mansion tax”. Now, we see a new wave of pent-up demand for luxury properties in London, which will be strong in the future, not only in London but also in other counties, especially in the premium sector.

Becky Fatemi, managing Director of Rokstone estate Agency, said over the weekend that followed immediately after the election, the company signed deals for £59.7 million This is the best indicator of sales among the companies of London. Among the deals – penthouse for £20 million in Belgravia, and plenty of deals with luxury properties on various streets of London apartment for £2.2 million on Duke Street in Mayfair house for £7.1 million in South Kensington, which was purchased by the buyer from Lebanon. Family of Saudi Arabia, which bought the apartment for £2.5 St Johns Wood, some investor made an offer of £6 million for the purchase of property in Hyde Park Street , a proposal was made to purchase for £15 million house in Mayfair and £7.3 million for the purchase of apartments Knightsbridge.

According to Fatemi, last Friday, shows that the real estate market of London is now experiencing three waves of influx of buyers. The first wave began last weekend and continues this coming weekend when the market will see pressure from customers that will help to ensure that the prices will start to creep up.

The next wave in the market of elite real estate of London will begin next week when the game will take buyers – investors “Buy to Let”. And the third wave will be in the summer, when market activity will be buyers from the Middle East and Southeast Asia.

The level of demand will increase about 30% which in result, will lead to the fact that prices for luxury housing in Central London will increase by 10% by December 2015.

Among other things, a high probability that the market will come back phenomenon “of gazumping” .

Representative real estate Agency in Chelsea also confirmed that last Friday, the company signed deals for £50 million and they all become the result of the successful outcome of the elections.

We see a significant change in the mood of the buyers after the dramatic expectations. All real estate agents in Central London say that Friday the elite real estate of London experienced a manic demand from buyers.

® Helen Entree. 14.05.2015

 More than 325 % over two years has earned our clients

In the UK, reduced Stamp duty

Immigration to the UK

Price indices for UK property

Why buyers from Russia should not fear sanctions

IMPORTANT! A NOTIFICATION ABOUT THE SECOND CITIZENSHIP

LEAVE APPLICATION FOR SELECTION OF REAL ESTATE