For investors that hold a long term view of the market, London property will certainly continue to provide good opportunities throughout 2015. The changes in stamp duty and national elections alone are sufficient reasons to anticipate that some sellers will lower asking prices in order to secure quick sales particularly in the first half of the year.
Other segments of the market will continue to experience upward price pressure stemming from a somewhat uncertain situation in Russia, inward investment from Asia and the rise in popularity of non-prime central London. Our expectation for 2015 is that there will be modest adjustments in some price segments which will then lead to more reasonable growth. As always, location, timing and sound advice will remain key considerations for investors in 2015.
