Abrahmsohn: On economics, the market & the (secret) £400mn buyer

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There is a bizarre disjunction between the economic outlook and the gymnastics of the market, writes veteran agent Trevor Abrahmsohn - but property values will continue to rise until supply and demand levels reach equilibrium...

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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: Vector of a crowd of people running after a house on a fishing hook

News

“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.
Views

Trevor Abrahmsohn has some early predictions on what next year might hold for the property market and life in general...
News

Demand is building in prime regional and prime London markets, says Savills, but prices continue to fall as uncertainty 'dictates the pace'