However, some parts of the London prime residential market seem to be indifferent and choose to ignore the scare mongers and pursue their purchase.
It is seldom that we have seen such stark differences in activity within certain areas of the London residential market. A case in point is some of the more popular areas in South West London such as Balham, Clapham, Earlsfield and Southfields where property is becoming available as vendors look to move to the country.
In our last report we mentioned that the family housing market in these areas South of the river seemed quite active, and now the demand for good sized period properties in these family orientated areas has completely outstripped the supply. There have been reports of houses on the market for less than a day before a stream of attractive offers overwhelm the agents. This sort of purchasing frenzy has not been seen for some time.
This current ‘micro market’ could perhaps be compared with the rest of the London market, or even to the rest of the Country and the national residential market as a whole. Television and article reports recently stated that it was very much a ‘’buyer’s market’’, substantiating their claims with examples of regions of the UK where as much as 43% of Vendors over the last year have had to sell their properties for less than their original purchase price. Therefore again proving London to be a continously popular place to invest.
As buying agents, our services to clients who wish to purchase houses in these highly competitive areas continues to be in demand. With our wealth of experience in these hugely popular areas and current market conditions, we have already this year successfully acquired several properties for clients.
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...
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...
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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