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Expect a Brexit-fuelled, post-Covid boom in London says leading agency

May 7, 2021

first_imgAn estate agency in London has launched an international desk in expectation of a post-Covid and post-Brexit boom in demand for the UK’s property among overseas buyers.Ten-branch firm James Pendleton, which handles new-build sales across the capital and Home Counties, says the extra demand is likely to push up prices in London by 5% this year.The new division is being headed by highly-experienced property expert Urosh Teodorovich, who has just joined the firm and will specialise in providing a highly personalised service for buyers primarily originating from Hong Kong, China, Saudi Arabia and Dubai.“There doesn’t appear to be a lot of consensus at the moment as to which direction the UK and London markets will take,” says the agency’s chief executive Lee Pendleton.Optimistic camp“We stand in the more optimistic camp because we see the current headwinds as completely different in nature to the financial crisis, which is the last event that precipitated a significant decline in valuations.“The origins of the current crisis have been medical rather than economic, and massive government support around the world has been busy protecting asset prices.”Teodorovich (pictured), who has worked in Asia working for both Quintessentially and Christie’s International and who speaks fluent Mandarin, says the pandemic will not have knocked London off its perch as a top choice international investors.“London remains a truly global city with a stable political system, world-class public facilities and universities, a highly liquid market with reasonable property purchase and holding costs, as well as sustained population growth,” he says.Urosh Teodorovich James lee pendleton james pendleton January 26, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Expect a Brexit-fuelled, post-Covid boom in London says leading agency previous nextHousing MarketExpect a Brexit-fuelled, post-Covid boom in London says leading agencyTen-branch agency, James Pendleton, has set up an international desk in expectation of increased demand from overseas buyers later this year.Nigel Lewis26th January 202101,742 Viewslast_img

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