We are pleased to report, compared to this time last year, there is a 17% increase in properties coming to the market.
Summer 2018 Sales Market Comment
As we enter the summer months London’s Prime Residential Sales Property
Market remains lethargic. Whilst it remains a buyers’ market there are very early
indications that it might not stay like this, as economic and political uncertainty
begins to lift.
We are pleased to report, compared to this time last year, there is a 17% increase in
properties coming to the market. Greater volume of stock will ultimately convert into
more sales activity over the next 4 months.
Over the last couple of months we have experienced a sizeable increase in new enquiries
from overseas buyers. With the March 2019 Brexit deadline less than a year away
overseas buyers are clearly watching the market carefully. We believe the interest is fuelled by the considerable correction in prices, low interest rates and the weak Sterling.
Many are now seriously considering taking advantage of this climate rather than
waiting for the rest of the market to react. We feel now would be the ideal time to
invest in London’s Prime Residential Property when the market is still soft and
not as competitive.
Do contact us with your property enquiries.