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28
I R E L A N D
27 AILESBURY ROAD, DUBLIN, IRELAND
Located in one of Dublin’s most sought-after
roads, this magnificent red-brick end-of-
terrace has been extensively and sensitively
renovated. The light-filled rooms boast large
proportions and period details including bay
windows, feature fireplaces and coving.
Bedrooms 5 Bathrooms 5
Price 5,950,000
Contact Barry Connolly,
29 Global Property Portfolio
L O N D O N
CHESTER SQUARE, LONDON, UK
Formerly the home of Baroness Thatcher,
this magnificent property has recently been
completely refurbished in a classic modern
style. It retains an air of huge importance
and would make a wonderful family house.
Bedrooms 7 Bathrooms 6
Price £30,000,000
Contact Richard Gutteridge,
Long-term returns
for prime London
Brexit will be the backdrop of
prime central London’s housing
market for two years to come –
but it will create as many
opportunities as challenges.
Late 2016, prime London
average prices were 12.5% below
their 2014 peak, primarily
thanks to higher stamp duty
on £1m-plus homes and tax
reforms for non-UK domiciled
individuals, which deterred
some purchases; a silver lining,
however, was that a weaker
pound after the summer made
properties 15 to 20% cheaper
for overseas buyers.
We predict two years of
unchanging prices and reducing
numbers of transactions. But
then prime London will be
on the other side of Brexit,
and will rapidly return to its
longer-term growth norms.
We forecast prime London to
grow 8% in 2019, 5% in 2020 and
6.5% in 2021 – so within five
years cumulative growth will be
21%, despite that Brexit hiatus.
LUCIAN COOK
UK head of Residential Research