DIRECTOR OF DOUGLAS & GORDON
JULY seems to show, rather surprisingly given the Olympics, Jubilee and summer holidays, that it’s pretty much business as usual for the London market. Applicants are up 20 per cent year on year and stock levels remain stubbornly low. While sentiment in the UK generally seems to be negative, London’s image as a go to City seems to be repairing itself in the reflected warmth of the Olympic Games.
Furthermore with five year fixed rate mortgages at under three per cent perhaps real activity in the Autumn market will surprise us all.