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Help to Buy
Lucy Pendleton to give some insight into the recent December 2016 House Price Index.
James Pendleton is an amazing company. They have been a big part of me winning a bronze medal in Rio 2016 and have been so supportive with all my achievements, which wouldn't have been possible without them. They have given me so many opportunities, I am privileged to be associated with such fantastic people who give so much back to the local community.

Aaron
Having recently rented my property through James Pendelton, I can't recommend them highly enough. They walked me through the process and found me amazing tenants. From the first contact they were professional and informative. Thank you to Jacob, you were amazing. Thank you also to the Angel Department who, after realising I needed safely certificates, sorted everything out for me and made sure I had everything in order.

Giles
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BREXIT AND THE PROPERTY MARKET

  • For a number of years now, UK politics has been engaged with the topic of Britain's role within the EU - handily titled the 'Brexit' debate by the press. With a referendum penciled in for June, extensive discussion has taken place alongside a refugee crisis, an upturn in UK economic activity, the changing stability of the Euro currency, threats of a potential market crash and a new UK Conservative-only government in 2015. Our question in the midst of all this is - what could the Brexit mean for the London and UK property market?

    The arguments for and against the Brexit are many, based as they are on a long and complex history of exchanges. UK opinion is currently divided, with 2015's leaning towards staying in the EU countered by a sway in the opposite direction this year. In government, the Conservatives are also divided, with David Cameron negotiating new terms with the EU with the aim of staying in while London mayor Boris Johnson announced his decision to back the campaign to leave.

    Leaving the EU would likely increase the complexity involved in making trade arrangements with the other EU countries. Does this mean that the property market would suffer? Not necessarily, according to Boris Johnson, who argued recently that leaving would give the market greater overall freedom. While remaining within the EU would avoid additional restrictions on trade within the EU countries, Boris believed it would be possible, given the strength of the market in Britain (whose power is centered in London) to negotiate deals more freely without the restrictions involved when part of a common marketplace. There would be a lot of work to do, though, to make more connections with non-EU investors when trade with European countries makes up such a significant proportion - over half - of international exchanges.

    It is true that property in London is valued extremely highly as a form of capital - the market in the Capital is certainly healthy, with investment levels high from both EU and non EU internationals. Boris' comments reflect the strength of the London market and the fact that overseas investment is generally seen as a positive thing. In other words, investment in London - and the property prices in the UK - are likely to remain high, EU or not.

    From the perspective of the London property market, there appears by all accounts to be enough solid investment and financial interest from outside Europe - and enough scope for negotiation - to suggest that the market won't change too drastically if the UK leaves the EU. In fact, as Boris suggests and others have echoed, leaving the EU could usher in an exciting new era of possibility.

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