Rupert des Forges is a veritable property guru with an ‘encyclopaedic’ knowledge of Knightsbridge, Belgravia and Chelsea (not to mention ‘a broad perspective of the wider prime central London market and the new homes in these locations’). The proprietary partner and head of prime new homes has transacted abodes across London’s gilded postcodes for nearly 30 years, 18 of which he’s spent at Knight Frank. Although prime central property buyers remain price-sensitive, he says momentum and confidence in the market has improved in 2017: ‘Vendors are now readily accepting this and prices have adjusted accordingly, meaning that deal volume has risen,’ he says. Sterling’s recent ride has certainly shaken things up: ‘The currency play has influenced a wider Asian interest, and we have seen an increasing number of Chinese buyers (now ‘an important source of inbound investment’) in the prime central London market in particular. ‘Being responsive to advice from professional agents that really know the intricacies of the market is hugely important,’ des Forges says, offering his sage advice to sellers, and adding that ‘correctly priced properties are selling well because buyers are willing to transact where there is a perception of value’ despite more than a year of political and economic uncertainty.
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Rupert des Forges