Is Super-Prime London making up for lost time?
Despite Covid and travel restrictions, Super-Prime London is proving its impeccable credentials once again. Jess Inch from our Private Office explains...
Having been shown an array of choice over the last few years (with less bullish take-up), affluent individuals, Family Offices and institutional buyers are now all hitting the road running.
Activity over the last eight months (for best-in-class), is only just eclipsed by the heady heights of late 2013/14, as Clients now realise that hesitation is likely to result in disappointment. This is not only true in the most Prime Central London (Mayfair, Knightsbridge, Kensington, Chelsea & Belgravia) but also for spectacular family houses in SW London and the Home Counties. In addition, take up amongst those premium countryside estates boasting some space, privacy and an easy commute into London has been unprecedented. For a number of years Prime Central London markets reported 15-20% sub peak but how fast will that shortfall prove corrected if current uptake continues apace?
With travel restrictions lifting and normality resuming, competition for the best, will be ever greater.
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