Surveys show how those working in commercial property are preparing for a slight downturn. Experts from the Royal Institute of Chartered Surveyors have claimed that in their opinion, ‘property brokers are expecting real estate values and rents to fall as investors and companies turn cautious following Britain’s vote to leave the European Union.’

However, it’s quite a different story for residential property across the UK. Many have claimed that there will be a downturn in the market and activity will slow down, yet London residential property prices are actually on the rise.

Many foreign investors are taking advantage of a weak pound and are channeling their money into both prime and suburban real estate.

One of the most astonishing examples of price increases concerns a 12-bedroom apartment which is located in the Admiralty Arch building and has been put on the market for just under £200,000,000.

As a recent article in the Huffington Post stated, ‘many prognosticators said London’s property market, a favourite target for wealthy foreign investors and jet-setters looking for a second home, would see a major slump after the Brexit vote. Yet so far, the opposite has happened.’

It’s the same story for outer London which currently boasts several real estate hotspots.  At Inspired, we have focused largely on Croydon, as well as other high-growth locations including Sutton, Epsom, and Chertsey.

Croydon in particular has become increasingly popular with young professionals, meaning that there are large investment opportunities to either flip a project or simply grow a buy-to-let portfolio.

Affordability has ensured the surge in demand for residential properties in the borough, as well as superb transport links and a large number or regeneration schemes.

Although Croydon boasts a diverse housing market, we specialise in building new apartments which are perfectly suited to young working professionals and first-time buyers.

Overall, the reduction in value of the British pound following Brexit has made London real estate much cheaper from the perspective of foreign buyers, and sales in the city have jumped roughly 38 per cent since June, so now really isn’t the time to miss out. Our units start at less than £200,000.

To find out more, please contact the team on 020 7495 0523

Following months of in-depth debate, eleven councils across London have urged Theresa May to back Gatwick’s bid to build London’s new runway.

The airport has recently reported increased activity with trade at an all-time high, encouraging the government to take the expansion plans more seriously.

Most recently, these eleven council bosses have witnessed nearly 20 years of failed attempts to increase the capacity of Heathrow sufficiently which has only made them more determined to see successful expansion plans carried through.

Unsurprisingly, Croydon Council is amongst the eleven councils openly supporting the concept of the Gatwick expansion, in addition to Hammersmith & Fulham, Kensington & Chelsea and Lambeth Council.

The impact of expanding Gatwick will spread across the whole of London, but have a particularly positive effect on South London. Over 3 million Londoners will experience the impact of increased trade, more job opportunities and improved transport links. In addition, property prices will also increase in the surrounding areas as they benefit from the alterations.

Currently, the average price of a house in London is over 600,000, with prices in outer boroughs such as Croydon still reaching averages of £350,000 – £400,000. The expansion of Gatwick means that there is an opportunity to experience capital appreciation on properties based in the relevant areas.

Furthermore, former MP’s Tessa Jowell and Steve Norris have been confirmed as the heads for the new Gatwick Growth Board, ensuring the impact of the expanded airport is positive and benefits are equally distributed across the region.

For regular updates on the industry, please contact our team on 0207 495 0523