London Property market to get more active
London property owners who wish to stand out from the competition when selling their homes may benefit from having a bespoke conservatory or pool house.
Such additions can be enjoyed while still using the home and could be of great benefit when it comes to selling it.
They may be particularly useful over the coming months, with London Central Portfolio expecting the capital's property market to see an increase in buying activity.
Chief executive Naomi Heaton explained that the investors who had taken a step back from the industry to assess the impact of the new government are likely to return soon.
She suggested that the general election and emergency Budget may have caused concern for some, but that the situation would return to normal in the coming weeks and months.
"Now this has passed and the tax status of non-resident and non-domiciled investors remains unaltered and, for UK investors CGT [capital gains tax] has not increased as much as feared, there is likely to be more buying activity," Ms Heaton said.
Meanwhile, research from Santander Mortgages has shown that London's SW postcodes make up 29 per cent of the UK's million pound homes, with the number of property millionaires increasing by 393 per cent since 2000.
Posted by Cheryl Stevenson
Are you in the London property market 'sweet spot'?
Homeowners in London who have invested in a pool house, kitchen extension or bespoke conservatory in order to make their home more attractive to buyers may be interested in the latest comments from London Central Portfolio (LCP).According...
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