Winkworth South Kensington has reported a 35.9% rise in turnover from last year.

James Moran, Director of Winkworth South Kensington, explains why:

“It’s all about market share at the moment. Demand still continues to outstrip supply. As an estate agency, if you have the stock you’re busy, if you don’t your perception of the market could be negative. The demand is such, that turnover of stock has reduced from an average of three to four weeks; to, in some cases, as little as a few days.

“We have seen there are a number of current buyers, who continue to seek properties as a place to invest capital that may have gone into alternative investment vehicle. Stocks and shares remain volatile due to the ongoing European economic saga, so people turn to property or commodities investments; considered to be a sensible option.

“As the general economic market worsens, our London property market continues to gain momentum. Prime London will remain, for the foreseeable future, a safe-haven in which to invest, thanks to its stable Government and infrastructure.

“And it is this reason that South Kensington, amongst a number of neighbouring areas such as Knightsbridge and Kensington, has seen a continued rise in the number of foreign buyers looking for London property. With excellent rental yields, these buyers see property as a longer-term investments of approximately five to ten years.

“There are a number of negative reports on the value of UK property as a reflection of Europe’s financial markets. This is not something we have experienced in South Kensington. Our market is desperate for more stock, with no shortage of willing and able buyers.

“Despite what you may read in the newspaper, now is a sensible time to consider putting your property on the market.”