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SPRING MARKET COMMENT 2017

SALES SPRING MARKET COMMENT 2017

By Eitan Fox  //  Thu 4th May 2017
We are pleased to announce that 2017 has seen a significant upturn in activity compared to the Autumn/Winter period of 2016.
We are pleased to announce that 2017 has seen a significant upturn in activity compared to the Autumn/Winter period of 2016.

The significant upturn has been at the very highest price and of the prime central London property market. This has been driven by the lower rate of sterling against other currencies. This news is a positive indication that the market is showing very early signs of recovery and often this filters down to all price ranges.

Our latest figures have shown a 20% increase in properties under offer with viewings up 25% and transactions are up 10% compared to the same time last year.

The announcement of a snap general election on the 8th June 2017 has not affected the interest from overseas investors and we would anticipate activity will increase following the anticipated election results.

We would recommend that serious buyers might conclude their business before the election date. We feel that the next 3 months will continue to be a time of stabilisation for the prime central London market as confidence returns.