So the summer market has been steady after the turmoil that proceeded the EU referendum result. Whilst buyer numbers have been seasonally low the good quality correctly priced properties have gone under offer during July and August.
We anticipated a steady remaining four months to 2016 with long term owner occupiers looking to buy and taking advantage of some of the cheapest mortgage deals seen in decades and investors looking to take advantage of plenty of supply.
Whilst the roller coaster of conflicting economic reports is likely to continue over the coming weeks we sense the fundamentals of the London property market remain strong with limited quality supply and steady demand.
“There is a tight correlation between those agents that are providing “best advice” and the good sales they are achieving versus those agents who still seem keen to maintain their registers through over promising and under delivering” suggests Andrew Nunn “I find it quite ridiculous that 8 months into 2016 certain competitors of ours still haven’t worked out the pricing mechanism in their market”
If you are considering selling in 2016, or would simply like to have a better understanding of the market than please contact Andrew Nunn on 020 8995 1500 or firstname.lastname@example.org