London Central Portfolio meet with GCC clients and investors to share insights on London’s property market
Leading London-based real estate buying and investment agency, London Central Portfolio (LCP), held an intimate event at Amal’s Café, Capital Club Dubai, to share insights on the London property market with GCC based clients, investors and family offices.
LCP is renowned among London’s premier real estate buying agencies for its track record in smart sourcing and acquiring, refurbishing and meticulously managing prime residences for international investors.
Specialising exclusively in ‘Prime Central London’ comprising the two boroughs of Kensington & Chelsea and Westminster, the agency has become the leading expert in what is almost certainly the most sought-after international real estate market in the world.
“London still remains a favourite destination among GCC residents with its distinctive and diverse culture. For investors who are sensitive about the timing of their investments, now is widely considered to be a low point in the historic cycle. Prices have already begun to recover post-pandemic and Brexit uncertainty,” says Andrew Weir, Chief Executive of London Central Portfolio.
In addition to softer pricing, there is what could be considered an additional discount for USD denominated buyers as sterling has weakened. At time of writing this could represent a discount of 23% compared with the exchange in January of 2022.
“The city is both convenient for business and education. Those running a global enterprise from London benefit from GMT time zone. UK schools and universities are also highly regarded across the globe. Many people from the GCC have been educated or attended university here and wish the same for their children,” continues Andrew Weir.
“Buying a property overseas isn’t short of challenges, let alone when you’re buying from afar. Underpinning all of this is the unavoidable fact that it is very difficult – if not impossible – to build new homes within the historic centre of London. The nature of a constrained resource creates a floor to pricing,” adds Naomi Heaton, Founder & Chair of London Central Portfolio.
“With our ear to the ground and in-depth knowledge of the market, we know whether the asking price is reasonable, how easily the property will re-sell and whether it’s likely to gain value. For over 30 years, our team of expert buyers’ agents have helped clients navigate the complex market and deliver on our track record of delivering strong historic capital appreciation,” says Naomi Heaton.
LCP’s unique ‘one stop’ service for investors and home buyers extends from property search and acquisition to hands-on project management with creative refurbishment and design, letting and management – for those seeking exclusive prime London property.
About London Central Portfolio (LCP)
Founded in 1990, LCP provides superior access to buying opportunities as well as meticulous project management and creative design solutions to suit all aspirations and budgets for UK and overseas property investors and homebuyers seeking exclusive prime London real estate. Using sophisticated financial modelling with a detailed appraisal of every proposed opportunity, LCP will negotiate and secure each property for the best price and as part of its end-to-end service, offer an efficient letting & management service so landlords can enjoy a seamless, hands-off investment.
Naomi Heaton, MA Hons Oxon, Founder & Chair of LCP
LCP was founded in 1990 by Naomi Heaton, MA Hons Oxon, who is a well-known figure in Asia and the Middle East as a London property guru and is now Chair of the LCP Group. With a laser-like focus on Prime Central London and its investment potential, Naomi is recognised as the “doyenne of London buying agents.”
Andrew Weir, Chief Executive London Central Portfolio (LCP)
Chief Executive Andrew Weir has over 30 years’ experience in the prime London residential property market during its period of unprecedented growth and change. Having sold literally tens of thousands of Central London properties over his career, he knows the market and streets inside out This detailed knowledge is an invaluable resource for those seeking to buy in a market with high demand but little available quality ‘stock’, often only available for sale to those “in the know” with insider information. “Understanding all nuances of the market is crucial to knowing whether a price is reasonable, what will re-sell easily, gain in value and be easy to rent,” he says.
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