Partner at Knight Frank, Harry Dawes heads up the Knightsbridge office and we have a serious question to ask him…
Do you think Knightsbridge property prices are as stable as Chelsea, Belgravia and Kensington ?
“I believe we’ve now seen the bottom, and prices are beginning to stabalise as we head towards Brexit. The areas are close in their values’
What’s the biggest advantage that a property in today’s market can offer?
“Quality! Good condition and newly refurbished property will always sell well, whatever the economic and political landscape”
It’s a mixed market, what’s the leading nationality?
“The UK domestic market is still vibrant in central London. We’re seeing buyers come from Turkey, as well as China and the Middle East”
Must every bedroom have an en-suite bathroom, and what else do the buyers look for?
“A family house must have an ensuite with the master bedroom, and a good bathroom adjoining the guest suite. However, the third, fourth and fifth bedrooms can have shared bathrooms. I believe it is important for the bedrooms to have ensuite bathrooms in flats.
What’s the best thing about Knightsbridge?
“The internationally recognised retail stores have a huge pull. Harrods and the Sloane Street shops are renowned. Also it has the traditional gardens, such as Lennox, Ennismore and Cadogan Gardens. They are a worldwide attraction”
Here’s the big one, prices are lower so shall I hang in and rent or risk selling at a lower price?
“It depends on the onward purchase. Prices in our areas are down approximately 15% since 2014 and we don’t predict any growth this year. However, all the major agents alongside ourselves are predicting a steady growth from next year rising to an increase of around 20% by 2022.
Find out more about Knight Frank at www.knightfrank.co.uk/knightsbridge.