The Living Room at Number 1
In a decade bookended by global crises, starting with financial meltdown and ending in pandemic, global property markets have been on a constant rollercoaster ride. And none more so than central London, whose own fairground attractions in recent years have included the Brexit Knife Edge and the Boris Bounce.
The Prime London market has faced a barrage of coconuts since hitting its last peak in 2014. There have been stamp duty hikes and punishing tax changes for buy-to-let investors, there was a certain EU referendum, political chaos, Corbyn-phobia, Covid…
But there’s still hope, thinks Ed Lewis, head of London Residential Development Sales at Savills. “Believe it or not, London has been incredibly resilient and its bright lights will burn again. It has seen year on year falls since 2014 and it is due for a recovery.”