Is it a Good Time to Buy in Prime Central London?
Updated: Nov 22, 2018
Research from LonRes and Coutts Bank shows prices in Prime Central London have fallen 14% since the 2014 peak. When combined with the devaluation in Sterling, US Dollar buyers can now achieve a 36% discount from the peak (GBP/USD $1.32 vs $1.70) and Euro purchasers a 22% discount. (GBP/EUR 1.13 vs 1.23). Adjusting for the 8% inflation over the period, the real-term discounts are 22% for a UK buyer, 26% for a Euro buyer and 44% for a USD buyer. With the Brexit negotiation process nearing an end-game in the next 6-9 months and market sentiment at a low, it is not inconceivable that now may be an opportune moment to buy in Prime Central London, particularly when one considers the consistently strong and reliable price growth of the area over many decades.
Prime Central London Price Index 2013-2018
Source: LonRes & Coutts
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Disclaimer: Ludgrove Property Limited is not authorised or regulated by the Financial Conduct Authority (FCA) and we do not provide any financial or investment advice. We recommend that any property investor seeks appropriate professional advice before entering into any contract, and we would also advise that the value of any investment can go down as well as up and that you might not get back what you put in. You may have difficulty selling a property investment at a reasonable price and in some circumstances it might be difficult to sell at any price. We would urge you not to invest unless you have carefully thought about whether you can afford it and whether it is right for you, and if necessary to consult with a professional advisor in accordance with the Financial Services and Markets Act 2000. All information is provided strictly as a guide only, is subject to change without prior notice and does not constitute an offer of investment. This website should not be regarded as an offer or solicitation to conduct investment business, as defined by the Financial Services and Markets Act 2000. Investors who are resident in or citizens of countries other than the United Kingdom may be subject to local restrictions. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services offered in this site. The information on this website has been obtained from sources which we believe to be reliable and accurate, but without further investigation this cannot be warranted.