Welcome to Tedworth Property
Yesterday’s much anticipated budget threw up few surprises for the London property market that hadn’t been trailed before. The most relevant for our clients was the announcement that the SDLT surcharge on “second homes” is increasing from 3% to 5% as of today. Clearly for the prime central London market this may have an impact on the motivation of discretionary buyers and this is something we will be monitoring closely in the weeks and months ahead.
Importantly we have clarity on the government’s position which will allow both buyers and sellers some level of certainty, so they can now plan accordingly.
October has been a particularly active month here at Tedworth and we have experienced a steady influx of enquiries and transactions, showcasing the true resilience of the prime central London market. We are thrilled to report several successful sales and lettings, including a wonderful apartment in Lennox Gardens and a duplex apartment in one of Kensington’s most sought-after addresses.
As we transition into the winter months, our commitment to delivering exceptional service remains unwavering and whether you’re looking to buy, sell, or let, we’re here to assist you every step of the way and provide tailored advice in the now clearer landscape.
