Misreading the market?

Written by Andrew Ellinas LL.B.

Friday, 20 December 2013

Developer greed and misreading of the market is causing some well-publicised price reductions at the top end of the property market in London.

The media has focused on a new house in Avenue Road, St John's Wood that has had its price slashed from a reputed £60 million to an alleged £32m.

The bargain price attracted headlines but local property professionals predicted that the original valuation was far too high.

Prime Central London property is on a roll

Written by Andrew Ellinas LL.B.

Wednesday, 14 August 2013

As Britain emerges from the longest recession in history, householders in prime central London (PCL) are feeling confident enough to place their properties on the market.

But the increase in supply is still small compared to the pent-up demand, so prices are still predicted to rise in the foreseeable future

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