We provide high quality investor services to our clients. Our establishment has become rather famous for these as well. People come to us because they know they can depend on our expertise. Many consider us the foremost company working in property investment Kensington and Chelsea has. By partnering with us, you will gain an understanding of the marketplace that you didn’t have before. In addition, you can get guaranteed rent and more.
One thing is a certainty in today’s property market. Property buyers are sticking to Central London. Battersea Power Station might have a £37m penthouse. However, to many the newly developed former industrial structure does not feel like a major London property hotspot. Some locals aren’t impressed either.
Traditional hotspots dominate
Even with so much work south of the river, with the most expensive homes, traditional hotspots like Chelsea continue their domination. Some 131 of 176 structures sold for over £5m in the capital between January and June were in two boroughs. These were Kensington and Chelsea, and Westminster according to estate agent Hamptons’ Land Registry data.
Central London’s prime market is actually booming, with it now being above pre-pandemic levels. So far in 2022 there have been 81% more sales exceeding £5m in that same time frame in 2019.
To compare, sales in London’s most sought-after external neighbourhoods like Queen’s Park and Chiswick are up 13%. Mortgage rate increases this year have resulted in sales in outer neighbourhoods decreasing. They have done so by 19% in comparison to 2021. However, the £5m properties have remained steady.
The co-head of the London private office of estate agent Savills, Alex Christian, also made comments. According to him, the power station isn’t really on his radar for the higher-value sales. International buyers that didn’t have their main homes in London abandoned the city when the pandemic hit. Now though, they are returning. Moreover, super-rich individuals and their families are going after Central London’s top homes.
Popular homes among American professionals
These particular homes are popular with Americans belonging to the finance and tech industries. Moreover, the buyers come from Mumbai, Kuala Lumpur, and Hong Kong because they love the greenness and peace.
Houses here go for roughly £10m to £15m, or £3,000 to £5,000 per sq ft. Buyers with smaller budgets head south. They cross King’s Road to the section of Chelsea that holds Flood Street and Redburn Street. Here, compact, Victorian terrace homes sell for between £4m and £6m. This is £2,000 to £2,500 per sq ft.
Eventually, we will get to the Boltons, which is Chelsea’s crown jewel. It is here where the biggest houses go for around £50m. Multiple homes here are the property of Middle Eastern royals. Come to us if you want to work with the top company for property investment Kensington and Chelsea has.
Sterling’s weakness against the dollar is a significant element in the prime Central London market. This is according to developers and estate agents.
Meeting half-way
An interesting advantage with the traditional prime market is sellers are more willing to negotiate. Increasing interest rates means buyers are driving a harder bargain in many cases. In newer locations like Battersea, developers are less likely to offer discounts. Sellers in Kensington, Chelsea, and other central areas are more likely to agree a deal, especially for properties that have been on the market for a long time.
Safeguarding assets
In addition, more people are looking to London and Europe to help safeguard their wealth. This is particularly common with investors from China. Many worry about safeguarding assets from appropriation by the state, so they invest in other countries.
Furthermore, Chinese buyers are seeking a pleasant city centre location. This is critical to Central London’s persisting appeal. Lots of these locations have the place-making right, ensuring they are wonderful places to live. Newer developments may suffer from bad plans.
Pavilion Road
During a mid-autumn morning, Chelsea’s Pavilion Road is bustling. People are collecting supplies from the fishmongers, baker, or greengrocer. They are talking in coffee shops and walking dogs too. The whole area has excellent management, making it a local amenity that people love. They shop local for the convenience and assurances on quality. It helps make the whole area a better place to live.
Work with our team for property investment in Kensington and Chelsea
At Finefair Ltd, we help investors to unlock the potential of their property portfolios. Our team members will work with you to come up with a suitable action plan. When we are finished here, we will be able to aid you in moving forward.
Feel free to contact us if you want to work with the leading business for property investment Kensington and Chelsea has. We can even help with expanding your assets if you want to.
