Now that interest rates have risen for the first time in a very long time, what will this mean for the property market in London? Over the last few weeks, estate agents across London have reported increased activity which is likely to have been instigated by the expectation of a rise, and therefore has spurred buyers on to finding a property and locking themselves in to avoid further rises.
This is likely to be been more prevalent now, and with asking prices already having eased off a little in greater London, and as much as 20% in Prime Central London, Stacks Property Search London believe that now is the moment to get on and buy a property before you miss the boat. Its is likely that there will be only a slight pause in market activity over the Christmas period and a surge of buyers coming out of the woodwork to buy.
Using a buying agent in this market is essential to ensure that you don’t get caught up in the ‘stampede’ and that you are buying the right property in the right location for you, and at the right price!
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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When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
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