“Residential Sales is facing a tougher period, but our sales team are continuing to see a steady flow of viewings on a varied range of price points in the West End. It’s no secret that foreign investors have cooled, as they wait to see the reaction of next March, but local buyers and owner occupiers are proving less fazed, and seeing this cooling period as an opportunity, looking to us to seek opportunities in markets that often face higher competition” – Ben Everest
“Lettings has been interesting in 2018, because we were actually 20% above target for each of the 3 quarters of 2018 so far, compared to where we were last year. However, it is certainly our toughest market for many years. Fortunately, we continue to hold very strongly within the student lettings market, seemingly considered to be a trusted and friendly figure for international students and those getting away from student halls. We’re also pleased to see young professionals continuing to seek rentals in the West End, although budgets are admittedly tighter than usual, which we can only put down to uncertainty from employers monitoring the wider economy. Likewise, we continue to exceed with our serviced apartments, with international professionals still looking to conduct their business in London / UK, so we’re feeling positive that despite media reports, business personnel still see London as the business centre of the world for meetings and conventions” – Javier Carrillo
“Mirroring Javier’s comments, our commercial team are continuing to transact and our current pipeline reflects a 90% increase on the same period last year, despite uncertainty in the market. London continues to welcome new innovative businesses, whilst established companies already heavily invested in London continue to place their trust in the Capital. Whilst tenants are seeking more flexible lease terms and may not be aggressively expanding into oversized offices providing growth space, they do continue to move and still believe London is where their fortunes can be made. Nobody, not even politicians, can predict what might happen in the next few months, but London will continue to shine in the international business scene, which will be reflected in office take up throughout 2018 and hopefully 2019” – Daniel Castle
“Ben, Javier and Daniel have all avoided the word, but Brexit continues to fall onto lips as the buzz word of the moment. Truth is, like many industry peers, we have been predicting a more challenging market for a while now, and fortunately we have reacted to the challenge with enthusiasm. All four of us know that when the property market is hot, anyone can sell or rent, but a tough market shows our strength as an agency, and our experience, married with our enthusiastic team, continues to surprise clients, who might have let scaremongering publications lead them down a garden path” – Laurence Glynne
As Laurence coolly puts it, tough markets show our strength. Put your faith in an agency tough enough to ride the storm.