London Market Comment Spring 2013

The storm clouds are still circling around the UK and Europe with daily media reports and differing opinions on whether we are seeing any glimmers of hope on any beginnings of an economic recovery.

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.

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 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...

Start your property search today

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

    Your Details

    Your property requirements:

    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