Property market remains resilent

With the re-opening of our high streets those long-awaited green shoots of recovery are starting to pop up everywhere, and as from next month we should be able to meet inside as well as outside. Better still,  more and more of us have had our vaccine so it feels like it might be the last time we have to go through this process - at least on a national scale! That growing confidence in our future is especially important for the housing market because moving home is a major decision - we tend to put off making those kinds of life-changing choices if there is any degree of uncertainty. It’s amazing how resilient the market has been during the pandemic, although there’s no doubt the stamp duty holiday has had a major part to play.

 

We can report that the sales market in West London is buoyant right now – not least due to the reduction in COVID numbers  but also huge pent up demand caused by 3 to 4 years of political uncertainty.  Buyers are hugely knowledgeable right now with access to information regarding £ per square foot and historic sold prices BUT with almost 30 years of experience we truly understand the subtle nuances that can influence values to make sure that we get the asking price just right and secure the necessary footfall leading to a sale at the best possible price. For example we have a house on the market on Girdlers Rd, Brook Green W14 which we have already sold 3 times. We originally sold it in August 2000 for £1.9m, this substantial semi-detached 5 double bedroom Victorian house in excess of 3400 sq ft with 2 floors of fantastic living/entertaining space and 2 floors of bedrooms is on market today at £3.575m.

 

We were delighted recently to be recommended in The Times Bricks and Mortar section as a local “Straight Shooter”. Henry Pryor "The BBC's favourite property expert" picked us out as agents who “ . . . will tell you like it is” and “ . . (where) you will get objective advice . . . ”.

 

Our lettings team is ready for the early summer market which is often the busiest period of the year. We have a wide range of properties available - whether you are looking for a family house like this wonderful 7 bedroom house in Anley Road at £1495 per week or this fabulous 1 bedroom apartment in the iconic BBC Building, with wooden flooring at £450 per week. Both are superbly located for the amenities of Westfield London and excellent transport links.

 

We are confident that the property market will continue its return to what we used to call normality. This is a process that will only accelerate as we turn our collective focus away from the pandemic and towards our economic recovery. We are not there yet but we have to be positive as we live and work our way towards the much discussed “new normal”.

 

Our International team are still experiencing lockdowns and curfews but there are positive talks of them being able to join us in experiencing outdoor dining again by mid-May. Regardless of restrictions, they have continued to be busy across all areas they have a stake-hold in and are preparing the launch of their property collaboration on the Costa del Sol – I’ve had a sneak peek of the properties they will be listing – stunning!

 

Please keep safe and well and enjoy the promising long, warm evenings – outside!

 

Teresa

Posted on Apr 22 2021

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