At Glentree we have traversed the Residential Property Market from the dark days of 1976 to the present.
We have presided over the transformation of London from a souvenir city, rich in culture and heritage (as Paris is today), into a financial colossus and Brexit and the Non-Dom fiscal changes will not serve to diminish this trend.
What on earth is our esteemed, well intentioned, perfectly decent, Prime Minister, Rishi Sunak, up to now…, bless him? Everyone knows that he was always a better ‘No 2 man’ and was elevated, by circumstance, to the top job, perhaps beyond his station and in a General Electoral context was always destined to generate galloping indifference from the Electorate. Why on earth did he not take the good advice from his electioneering guru, Isaac Levido and wait for an autumn Election?
It does appear that instead the PM surrounds himself with a cabal of ‘wet behind the ears’ border line Millennials, who have convinced him to ‘go for broke’ on July 4th and in doing so, attempt to ambush the Labour Party with this surprise attack!
Market commentary must be so confusing for ‘the man on the Clapham
omnibus’. If I’m confused, and I have been in the business for fifty years, what
hope is there for the un-initiated?
It is good news indeed that the overall inflation rate has come down to 2.3%
(announced May 22nd) and the IMF are predicting three interest rate reductions,
which means that the mortgage interest rate trend will be moving south, and this
is good news for the Residential Property Market.