Interested in new builds?

It’s been a busy few months at IGL, helping advice on a sale at the BBC television centre which achieved the highest discount in the development. The stunning flat has two bedrooms and three terraces – the only one in the whole development with this layout. This is one of London’s most iconic and successful new developments and as the name suggests, it used to be home to the BBC. The development actually still acts as a recording studio for the BBC, where series such as the Graham Norton show are recorded. Soho House has moved into the development and has 45 hotel rooms. Residents have access to Soho House and its gym - which is truly stunning. All the apartments come with the bells and whistles of a new build, concierge, AC (which has become needed in London), security, lifts, access to parking, etc.This development really put White City on the map, making it an attractive long-term investment. Imperial is in the process of opening a £3 billion campus very close by. Westfield is also across the road with a large amount of shops, restaurant and cinemas.

There has been lots of interest from foreign buyers in new builds in London, so I’ve been getting access to plenty of the most exciting new projects. Many of these developments have done extremely well considering the market conditions, they are either sold out or have a few units remaining. My advice from this would be if you are interested in investing in a new build property in London, act sooner rather than later. The best apartments in these developments tend to sell out very quickly even before coming to the open market, therefore securing a property as early as possible positions buyers at a significant advantage. Based on the research over the last few months, IGL has selected a few units in some of the most exciting developments in London that would make great homes. If you are interested in this, please do not hesitate to get in touch.  

There is still lots of speculation and uncertainties about the state of the London real estate market, however there are signs of the market making an upward turn. According to the latest data from Savills, prices will fall by two percent until this December, however the next 5 years will see an increase of 20.5% in the prime areas of London. In 2020, house prices will increase 3%, followed by a rise of 6% in 2021. 2022 and 2023 will each see a rise of 4%, and finally a 2% rise in 2025. The general London market will also see an increase of 4% over the next 5 years. In terms of rental values, Savills is predicting an 18% increase over the next 5 years. All predictions should be taken with a pinch of salt; however, it is refreshing to see positive outlooks.