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Looking at 2013 So Far...

January was predictably cold and wet and equally quiet as far as sales, viewings and instructions go. Our lettings team report a busy month but this is not unusual for them as lettings is highly seasonal with a peak at the start of the year and an even greater spike in September. However, it is now February and love is in the air and the great and the good of the West End have returned from their ski chalets/Caribbean islands and life in the Winkworth West End office has returned to normal. Requests for instructions are coming in thick and fast, many of them this year are from our landlords. Understandably, these requests do not all turn into instructions, but from where I sit the renewed and collective propensity to even consider the sale of a property is a distinct change in the mind-set of our landlords from last year. Prices have remained pretty much where we left off at the end of last year and flats left on the market which remained unsold at Christmas have started to sell. The New Year has brought new buyers. Our new instructions have attracted enormous interest indicating that the market is hungry for stock but my long experience tells me that correct pricing, albeit with all things considered, is the key to a quick sale. I expect more of the same for the time being and remain cautious on pricing for the rest of the year. There is just too much swirling around in the economic/geopolitical mist at the moment. The drum I must continue to bang is that correct pricing and intelligent marketing is the key for a good sale in a reasonable time frame and it is this approach that will bring the right results for our clients. If you would like to continue the discussion, and would like to chat with someone who has personally sold hundreds of West End flats over a dozen or so years, just call. I am always happy to discuss my market.

January was predictably cold and wet and equally quiet as far as sales, viewings and instructions go. Our lettings team report a busy month but this is not unusual for them as lettings is highly seasonal with a peak at the start of the year and an even greater spike in September.

However, it is now February and love is in the air and the great and the good of the West End have returned from their ski chalets/Caribbean islands and life in the Winkworth West End office has returned to normal.

Requests for instructions are coming in thick and fast, many of them this year are from our landlords. Understandably, these requests do not all turn into instructions, but from where I sit the renewed and collective propensity to even consider the sale of a property is a distinct change in the mind-set of our landlords from last year. Prices have remained pretty much where we left off at the end of last year and flats left on the market which remained unsold at Christmas have started to sell. The New Year has brought new buyers. Our new instructions have attracted enormous interest indicating that the market is hungry for stock but my long experience tells me that correct pricing, albeit with all things considered, is the key to a quick sale.

I expect more of the same for the time being and remain cautious on pricing for the rest of the year. There is just too much swirling around in the economic/geopolitical mist at the moment. The drum I must continue to bang is that correct pricing and intelligent marketing is the key for a good sale in a reasonable time frame and it is this approach that will bring the right results for our clients. If you would like to continue the discussion, and would like to chat with someone who has personally sold hundreds of West End flats over a dozen or so years, just call. I am always happy to discuss my market.

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