Abrahmsohn: I see the property market moving sideways for a while

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Current predictions of a long and drawn-out recession are overdone, writes Glentree boss Trevor Abrahmsohn.

Written by

Trevor Abrahmsohn

Managing Director at Glentree

Trevor Abrahmsohn founded Glentree Estates in 1976. He has since sold some of the most notable and largest mansions in London to such luminaries as the Kazak billionaire who bought Toprak Mansion in the Bishops Avenue for a reputed £50 million; Witanhurst, the second largest home in London, for £50 million, and the Eccleston mansion in Kensington Palace Gardens for $100 million. A-list clients include Lakshmi Mittal, Sir Martin Sorrell, Richard Caring, Richard Desmond, Joan Collins, Gerald Ronson, Lulu and other celebrities. Former Prime Minister, Lady Thatcher has been to his house for tea and President Mikhail Gorbachev was the guest of honour at his company’s 33rd anniversary party at Toprak Mansion. He has sold over £3 billion worth of property in 35 years.

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Main image: 'Even the government seems to have resigned themselves to accepting that there will be a shortfall in new homes from the target figure of 300,000 per annum, which is a great pity'

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Neurotic lenders are acting as a chicane on the markets, vents Trevor Abrahmsohn
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Unless the economic scene changes dramatically, a cataclysmic collapse in property values is unlikely, says the Glentree boss.
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Trevor Abrahmsohn has some early predictions on what next year might hold for the property market and life in general...