London Market Comment Autumn 2019

As the heat in the sun recedes in London, will the reverse be true for the London property market?

As the heat in the sun recedes in London, will the reverse be true for the London property market?

With so many factors up in the air, even before adding the ‘B’ word into the equation, its a difficult job for any agent or buying agent worth their salt to predict.

However, taking these factors out of the equation for a moment, one point is certainly true- there is a massive amount of pent-up demand out there and a severe lack of quality stock.

It is also likely that come November the 1st, once an outcome of any sort has come to fruition, vendors will expect high prices to justify having held off for so long and buyers will expect the opposite for the same reason.

So how will this pan out? Estate agents will have their work cut out for them managing expectations and as the market heads into Christmas there may well be a period of adjustment the likes of which we haven’t seen for some time.

Stacks London has received more enquiries during August than ever before (particularly from overseas investors) demonstrating the built up demand out there and the need for highly experienced buying agents to assist not only with finding the right property but also steering our clients through the minefield that is the current property market.

However, there are properties to be bought and the long term prognosis is good at the moment.

If you would like any advice or to speak to an experienced professional please call Sara Ransom 020 7458 4511 for a free no obligation chat.

 

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