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Jeremy Davidson dives into the current state of London's property market post-election, highlighting:

• Cautious Market: A "wait-and-see" approach due to unclear budget outcomes and a new socialist government.
• Buyer-Seller Disconnect: Vendors' high expectations clash with buyers' caution, but cash purchases continue.
• Shift in Transactions: Move towards necessity-based buys, favoring houses over apartments.
• Mortgage Rate Impact: Rising rates may lead to increased mortgage stress.
• Foreign Influence: Active investment from the Middle East and India.
• Developer Challenges: Profitability issues lead many to focus on private clients.
• Rental Market Shifts: Planning restrictions and a significant portion of properties becoming rentals.
• Future Outlook: Emphasis on positive government rhetoric to boost market sentiment.

Stay tuned for more insights on the London property market! 🏙️🔍

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