Securing the property is only half the battle at the moment- it is getting in through the door to start with which is proving very difficult for many buyers. With the help to buy scheme looking set to start in January, as well as lenders being a little more relaxed on their criteria and extending the five year fixed terms, it appears that there is little to dampen the domestic buyer’s comeback to the market. In fact most estate agents are in agreement that at the moment the ‘suburbs’ of London are outsripping the price rises of Prime Central London.
So how do we feel this will play out? Well, with an ever increasing demand for stock as well as a lot of pent up buyers whom have not been able to get on with their move for a couple of years we can only see this continuing. However, as we advise our clients, this needs to be treated with caution and care as fingers have been burned before.
If you are finding it difficult to get in through the doors, find the time to call all of the relevant agents at least once a week and don’t know where to turn, please do not hesitate to contact us- our network and experience are invaluable in this market and we would be delighted to help.
2020 Sara Ransom of Stacks Property Search says, “Buyer behaviour in London has shown several distinctive changes during the course of 2020. “There’s been a big surge in demand for swimming pools, from large basement pools, to tiny organic-looking plunge pools in small back gardens. Architects have been overrun with holiday-in-your-back-garden demand. “Required...
After the pause, will the property market be on rewind or fast forward? After many weeks of sitting in our homes, and with a ray of light in sight, Stacks London asks what on earth the property market will do. Up until the end of March, the property market was in full...
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Uncertainty breeds Opportunities With the continued political uncertainty still holding its grip on the Prime Central London market, there is a general feeling amongst agents and buying agents alike that the pent-up demand will soon bubble over. A lack of stock as vendors hold on to their properties until April, alongside buyer...
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