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London’s Luxury Home Market: Sellers Take the Plunge

Despite the current challenges in selling real estate in central London, some homeowners are moving forward with listing their luxury properties. One example is Lesley and Johan Denekamp, who recently listed their 3,800-square-foot townhouse with Knight Frank for $5 million.

Why Now?

The Denekamps have grown tired of waiting for the perfect moment to sell, having already endured Brexit and the pandemic. They believe it’s time to let go of their property, which is worth a significant amount of money, and move on with their lives. As Johan Denekamp puts it, “We don’t think we are going to live forever, and four million pounds is a lot of money to have tied up in a house we don’t really need.”

Challenges in the Luxury Home Market

The luxury home market in London has faced numerous challenges in recent years, including the effects of Brexit and the pandemic. Despite these obstacles, some sellers are willing to take the risk and list their properties, hoping to attract buyers who are interested in investing in London’s real estate market.

Positive Outlook for Sellers

Although the luxury home market in London has been struggling, there are still opportunities for sellers who are willing to take a chance. With the right strategy and a willingness to be patient, homeowners like the Denekamps may find success in selling their properties and moving on to the next chapter of their lives.

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Orginal article: Link To Article – provided by Kansas City Realtors