Despite gloomy figures from many industry bodies, Black Brick are predicting that 2009 could present some tantalising opportunities.
However, London remains a diverse market says Black Brick. While prices in Hackney, Lambeth and Lewisham fell by as much as 3% in December, Westminster saw a drop of just 0.3%. Liam Bailey, head of residential research at Knight Frank commented: As many prime properties are unique and only occasionally come up for sale, we believe activity will increase as overseas buyers realise the home they have had their eye on for some time is now available at a much reduced price.As the appeal of London endures in comparison to, say, Dubai, Black Brick are looking forward to a resurgence in 2009. Camilla Dell, Managing Director of Black Brick said: We are taking calls on a daily basis from existing and prospective clients wanting to know if this is the right time to jump back into the market. And we are already seeing investment buyers signing exceptional deals that in six months time will be harder to find. View and premium or Find.