London Market Comment Spring 2020

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 swing. Clients had to offer quickly on properties with multiple offers across the range of values, and vendors enjoying achieving asking prices and more in many cases. And then it was just as if the pause button had been hit. Everything came to a standstill, as it did in so many aspects of our lives.

As buying agents, we are fascinated to see what the effect will be on our clients having spent so much time in their four walls. Will they realise that they now love their community more and decide to stay put, or at least overcome their reasons for changing location and bear the daily commute if they can now work from home more?

Maybe some clients are now expecting another baby in 8 months and will need more space! Or employers have changed their stance on working from home, and an extra room will be required for a study.

One aspect we can be reasonably confident about is that they will need some expert guidance in ascertaining what prices might do.

While there are likely to be a few ‘cheeky deals’ to be done the minute any doors are opened – deals with vendors who had found their property before the lockdown and then were unable to open their doors to desperate buyers. This scenario, however, may be shortlived as new ‘stock’ is very slowly released to the market.

There are so many unusual factors to consider in the next twelve months of the market, with the impending Brexit (if anyone remembered that was happening!) as well as the slow and very painful global economy trying to pick itself up from the beating it has taken.

Whatever the outcome, uncertainty continues to be the new ‘normal’, and while lifestyle choices may have changed, there is often a desire to move or invest, and Stacks London is here to help you.

For a free informal chat, please call Sara on 07786546595.

You may also be interested in

view more

Summer Market comment 2023

Sara Ransom of Stacks Property Search says: Prime Central London down 10% “Property in prime central London is still around 10% cheaper than it was three years ago, but as much as that might once have made it look good value, in a post-Brexit, post-Covid world, there are many less buyers for...

Spring Market comment 2022

2022 Last year was very much a story of buyers looking for lateral space and being able to work from home, whilst still being able to commute to the office alongside those who made the jump to the country at the beginning of the pandemic and are now missing the lights...

London 2020 trends and 2021 outlook

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...

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...

Start your property search today

Call us on +44 (0) 1594 842880 or complete the form below

    Your Details



    Your property requirements:

    Status:
    SoldThinking of movingOn the marketExchangingIn rented accommodationCash buyerIn need of helpOther


    We will never share your details with a third party. For more information about how we handle your data, please see our Privacy Policy

    How we can help you
    View our services

    When making probably the most important financial decision of your life, it pays to have the right advisors at your side.

    “You showed fantastic attention to detail, anticipated all eventualities, and provided timely and practical help and guidance every step of the way.  Above all, you supported me in making my own considered decisions, and I am so grateful to you for all your help in getting me to where I am now!”

    “We firmly believe that without Rachel and her skilled negotiation we would not have secured the property.”

    “We felt they genuinely wanted to help.”

    “Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before.”

    “It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.”

    “Encouraging me to think creatively about what could work for me.”

    “Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification.

    “I was impressed by the efficient, kind and courteous service provided by Stacks”

    “Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations

    “You gave a much-valued ‘younger’ perspective on our situation, which was a real asset”

    “We found the service extremely helpful and professional at all times”

    “I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.”

     
    Subscribe to our newsletter

    Receive updates about the world of property, straight to your inbox.

    * indicates required