April Showers

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

Here in Marylebone and Mayfair this is also the time of year when things start to pick-up after the winter lull. Not all of this  is seasonal or cyclical. The biggest drag currently on the local  market is investor caution and aggressive taxation.

However, end-user and domestic demand does not go away. It has been subdued for a while and is re-emerging.  When we’ve had a period of harsh weather or economic encertainty  the pent-up demand gives an extra boost to the market. We’re not anticipating any fireworks, but do expect things to pick up from here on.

Already we are seeing a  stream of potential vendors getting their pieces in place to launch over the next few weeks.

There are some signs that interest rates could be rising this year. Even though there was a surprise drop in the inflation figures last month, most commentators are predicting the upward trend will continue.  Certainly, many mortgage companies are now reremoving the cheapest guaranteed fixed-rate mortgages from their portfolio.  We aren’t talking about huge figures, maybe a quarter of a percentage point or so. It’s nowhere near enough to affect the balance of the market but worth being aware of.

Our currency also seems to have found a comfortable support level.

We have recently  exchanged on several of our mid range properties so know that if we can get them listed and correctly priced we can find the buyers.

If you are considering selling now is not a bad time to start the ball rolling. Please give me call and I can run through the options, give you my thoughts on the market   and give you a no-obligation valuation.

With all the facts to hand you will hopefully be able to make a more  informed decision.

Please do get in touch.

Matthew Berry 
Sales Manager
0207 467 5770