Is the Prime Central London market ready for the Great Wealth Transfer?

Views

Alpa Bhakta explores 'a profound generational & cultural transition that could have a significant impact on how & where money is spent, saved & invested.'

Written by

Alpa Bhakta

CEO at Butterfield Mortgages

Alpa joined Butterfield in 2011 to develop the UK property finance unit at the Private Bank in the UK and has since been promoted to Managing Director of Butterfield Mortgages Limited, and subsequently named CEO. She now manages a team of dedicated colleagues in servicing niche areas of the HNW mortgage industry. Prior to Butterfield, Alpa worked at BNP Paribas Fortis, where she headed up the private property finance team and was integral to launching and growing the lending portfolio from 1999. Previously she held positions with Credit Agricole Indosuez private bank and NatWest.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

Main image: According to LonRes, around 50-55% of the current available stock in PCL postcodes has already had a price reduction

What to read next

News

"After more than 20 years of unprecedented wealth creation, the Second Gilded Age has stalled"
Feature

The political tide is turning & savvy buyers may only have a limited window to capitalise on a heavily discounted market, explains Prime Purchase director Ollie Marshall.
Views

'We see Mr Burnham as a negative for the Prime Central London property market for second home owners, foreign owners and landlords,' writes estate agency boss.