child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

A Spring in Our Step

Here we are heading again into Spring and the time when the market starts to get into its step and determine how the year will pan out.

Here we are heading again into Spring and the time when the market starts to get into its step and determine how the year will pan out. Well…Almost. There is always something on the horizon in the Central London Market that effects orderly progress . Some of it is good, some of it less good and some of it just a little confusing.

The real issue at the moment is the Brexit referendum which is now starting to loom large not only in the press but also in every pub or kitchen table discussion.

No one can be sure how it will pan out but my experience of any issue of this sort is that when there are storms out to sea, captains take their ships back into harbour and wait. This is especially so when you consider where we are in the market cycle with a long rally behind us. It is therefore not surprising that some  buyers are awaiting events and some sellers are reluctant to discount to get a sale agreed.

A Brexit will raise the issue of the UK’s economy ability  not  only  to go it alone, but also to prosper in the new paradigm. No change will probably result in a return to more normal market conditions. No one can be totally sure at this stage and it is this uncertainty that is putting the market in a holding pattern for the time being.

Budgets and Brexits aside the market continues to be brisk for properly priced flats across the price range. We have a flat near Russell Square that has attracted several buyers and competing bids and so will go for above asking price in the next couple of days. It is all about pricing. We are starting to see reasonable activity again in the £2m plus market which has been particularly slow recently.

If you would like a little guidance in these choppy waters or just to discuss the market please do get in touch with our team at the Clerkenwell office on 0207 405 1288 or email clerkenwell@winkworth.co.uk

Related posts

Bank Holiday Time

I have been spending a bit of time lately ploughing through the statistics that can be found in the deeper recesses of our Rightmove and Zoopla archives, especially the ones that measure our figures against those of our competitors.

Read post

May 15, 2018

April Showers

British Summer Time has arrived, Easter and The Beast from the East have come and gone and Spring has sprung.

Read post

April 18, 2018

Spring Time!

Winter isn’t over yet.  Just when we thought Spring was around the corner, the ‘Beast from the East’ delayed it for a week or so.

Read post

March 22, 2018

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?