The great Brexit bargain hunt

Posted on 11 February 2019 by Sonal Thakrar. Source: The Sunday Times

The great Brexit bargain hunt

Sonal Thakrar, Partner and Head of Residential Property, was quoted in The Sunday Times commenting on how the "savvy and brave" are making the most of the uncertain market and, despite Brexit, there is still a steady stream of deals in London.

Sonal Thakrar was in her glass-walled office in the fancy London HQ of Mishcon de Reya on Tuesday afternoon when she received a phone call. "It was from a couple who have been renting in London for nine years but have decided now is the right time to buy," says Thakrar, partner and head of residential property at the law firm. "They are foreign nationals who want a home in Chelsea for £11m-£12m and are certain they can get a bargain."

Thakrar is not expecting the normal March rush, when clients rush to get sales sealed before any anticipated tax changes in the spring budget statement - "We usually don't eat or sleep that month" - but, despite Brexit, she is working on a steady stream of deals in the capital. "We're about to exchange on a property reduced to £26m," she says. "There's an offer on another that's been cut to £21m, and one client, who had his price chipped three times by a couple of hundred thousand, still sold at £3m. Brexit is creating huge uncertainty, but it's also a fantastic chance for those who are savvy and brave enough to buy something to keep."

Click here to read the full article.

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