Reporting in The Times this week, Rachel Mortimer spoke with Black Brick buying agent, Tom Kain shared his insight into the current prime central London property market.
Read the article here.
Adding her input into what justifies this astronomical price, Black Brick’s Founder and Managing Partner, Camilla Dell has shared her thoughts in The Telegraph this week.
“It’s partly about rarity factor,” she said, “and partly about the world-class location. Its key factors are also security and provenance. It has become a famous landmark building with very large apartments overlooking Hyde Park, with very high-quality facilities. You just don’t find many of those.”
And then, of course, you have to account for the fact that this property isn’t just Candy-built, but Candy-owned. Camilla summarised:
“You’d assume he had cherry-picked the very best residence for himself. This market beats to its own drum. In other markets, we’re grilled about prices per square foot and whether it’s good value, but billionaires aren’t so bothered about that. It’s more about buying something prestigious and unique in the very best location.”
Read more in the full article here.
This new piece focuses on the impact that the pandemic and subsequent lockdown has had on our communities here in the UK, reflecting on how many of us have began to “embrace a more local way of life”.
Sharing her insights into how this culture-shift has impacted the property sector, our Founder and Managing Partner, Camilla Dell commented: “Buyers that might have bought in central London have been looking at Richmond-upon-Thames, Kew, Wimbledon, Chiswick, Hampstead, East Sheen and Dulwich. Access to parks has become more crucial.”
Read more in the full article here.
Whilst 2020 was all about escaping to the country, Camilla shared that she believes 2021 will be the opposite: “Half of them stayed commutable in the Home Counties. The other half moved to Somerset, which is risky if you are suddenly called back to your desk at 8am tomorrow,”.
With many not actually having sold their properties in London, and instead just buying 2nd home country houses, Camilla expects that in 2021, “the masses will flood back to the city,”.
Read more in the full article here.
She reflected on how the number of PCL properties for sale do not match up with the number of sales agreed, as overseas buyers continue to be restricted from the country amid the pandemic-induced global lockdown.
As a result, Camilla shared there had been property bargains that hadn’t previously been seen since the financial crisis: “This time, it’s even better because there are fewer buyers around to compete with. There are not many moments I’ve seen where you can get these kinds of deals.”
Read more in the full article here.
For a take on the situation in London, Black Brick’s Camilla Dell shared that landlords who have recently renewed tenancy agreements in the capital have had to accept 10pc and 20pc rent reductions, adding that “Flats without outside space are faring the worst,”.
Read more the full article here.
Speaking on whether now would be a good time to make a deal in property, our Founder, Camilla Dell shared her thoughts in a new article for The Telegraph this week.
After a crisis, “we will always see a bit of distressed selling,” Camilla said. “There will be some undoubtedly, but I think it will be few and far between.”
Read more in the full article here.
Sharing his insight for the piece, Black Brick’s Caspar Harvard-Walls shared how, in his experience as a premium buying agent right now, everyone is waiting for the sales to lead to property price increases:
“It is happening, we can feel it happening on the ground,” he said. “Straight away, sellers who would have maybe taken 5 or 10 per cent off their asking price now won’t budge.”
Read more the full article here.
As premium property buying agents who deal with a vast array of high-profile and ultra-wealthy clients, here at Black Brick we have an certain insight into the ‘super-rich’.
Sharing that insight for a new piece in The Telegraph this week, our Founder, Camilla Dell explained that, for many wealthy clients, is of the essence:
“Every minute counts. Ultra high net worth clients live much faster lifestyles and private travel allows them to fit in more activity – and of course do things in comfort and style,” she said. “It’s the norm among London clients spending £20m or so on a country estate to travel by helicopter rather than car.”
Read more in the full article here.
“The location and shape of the plot, light, water and internal arrangements of doors, windows and rooms are considered vital to ensuring the health and well-being of occupants”, wrote Andrea Marechal Watson of The Telegraph this week.
Sharing her input as a buying agent who deals with many international property buyers, Black Brick’s Camilla Dell featured her perspective in the article:
“Indian buyers are still very prevalent in London – especially when you look at the wider number of Indians that are buying, known as non-resident Indians,” she said. “Around half of Indian buyers search for vastu-compliant properties, and for those who do, it’s a deal-breaker for a sale. This continues to be very difficult to fulfil, particularly on properties that are already built,”.
Read more in the full article here.
