Breaking into the luxury property market

Looking to break into the luxury property market? Vardags tells you how

High-end finishes, gardens, pools, beautiful architecture? We are talking luxury real estate: a small, yet significant, portion of the property market. Where prime central London is concerned, this applies in particular to some of its most prestigious locations – including Belgravia, Westminster, Knightsbridge, Kensington and Chelsea – where houses form the pinnacle of the high-end residential property market and with a premium price tag.  

Buying residential property in such an exclusive and fast-paced market can, however, be tricky, and every move needs to be chosen carefully. That is why receiving the right advice from the right firm of solicitors on the legal elements of these transactions is so important. We offer some important tips below.   

 Get someone in the know   

There are many online services and websites available to assist buyers, however, when it comes to the prime London market, the majority of such high-end properties are primarily sold by estate agents or property finder agents.

Indeed, where luxury real estate is concerned, the prices – and, inevitably, the stakes – are high. HNW and UHNW buyers will often have unique and more far-ranging requirements for their desired properties, all of which need to be considered and, as closely as possible, met by agents with considerable experience and connections within such a premium market, to ensure the best match to their needs is made.  

Get the right legal help

Buying the perfect home is not a straightforward process and the legal process is complex. It is highly recommended that you seek to instruct a solicitor who has experience of the legal intricacies of London’s prime and super prime residential real estate market, thereby allowing for a smooth completion of the full transaction with as little complication or delay as possible.

Vardags’ Property department delivers a premium service that places discretion, rigour, and client experience at the forefront. Acting for individuals, trustees, and international corporations, our clients tend to have property portfolios worth tens or hundreds of millions. Vardags can provide expert representation on a range of property matters, particularly complex cases involving multiple jurisdictions and sophisticated structures.

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