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

HouseorHome

I am not always sure at which stage the one thing becomes the other. People buy a house but fill it with famly, friends, flat-mates and belongings and in time it becomes a home. In Central London this is much more likely to be a flat than a house but the principle remains the same.

In our neighbourhood investment and growth potential usually play a major role and there has always been a strong interest in getting value and making a few pounds upon eventual resale. We agents understand this and it is usually easier to make a sale in a gently rising market which gives buyers that extra bit of confidence.

However, we now find ourselves in a period where prices are no longer rising. The figures suggest that achievable prices in our patch are off their peak somewhere between 10% and 15% depending on a whole range of factors. 
Without this hook of a guaranteed increase in value together with the higher tax costs of transaction, the pure investors have been looking elsewhere. The needs-driven buyer, who is more likely looking for something for themselves or their family will be attracted to a property that ‘feels’ good. And that includes the building, common parts, outlook and how the flat is presented. They not just looking for a square footage in a given location at a certain price or yield, they are looking for a home and are prepared to pass on properties that do not make the grade.

There is still an active market out there and the quality of the buyers is good. The preparation you can do, information you gather and the intelligence of your pricing will make the difference between a successful sale and no sale. We can help on all these points. The Sales Department here in Clerkenwell have all been working in the area for a few years and have a very high level of experience.

If you would like to tap into this deep well of market knowledge and discuss any aspect of selling or buying in this uncertain market, please do get in touch.

William Blaney
Sales Manager Clerkenwell & City
0207 405 1288

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?