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

New Year Predictions

New Year….New Market Our current buyers tend to be  needs-driven and end-user. It is also fair to say that most of them are not first time buyers, neither are they buying a principle property. Investment value still plays a strong part in the light of the fragile market.

New Year….New Market
Our current buyers tend to be  needs-driven and end-user. It is also fair to say that most of them are not first time buyers, neither are they buying a principle property. Investment value still plays a strong part in the light of the fragile market.
 
The decision to sell  is often more thought over than the decision to buy. Pushing the sell button can be put off by most Central London owners almost indefinitely. If the market is rising, holding back may be more profitable in the long term. If the market is falling, sellers can rent out until the bear phase is over.
As a consequence, today’s sellers tend to be motivated by events in their own lives rather than market opportunities. 
 
On a national level, the ongoing assault on private landlords may well help the supply side this year. It will not help the people these changes were designed to help. By piling further costs from tenant to landlord, increasing tax on gross rental income and the additional stamp-duty for buy-to-let landlords, the government will inevitably reduce the number of properties available to rent.
This may bring some of those previously rented flats onto the sales market. Renters will not benefit as it reduces the lettings supply and the marginal effect on sales prices is unlikely to make these units suddenly affordable.
Building hundreds of thousands more flats nationally for sale and build-to-rent, in places where they are needed, is the only answer to the supply side problem.
 
Here in Central London it is a little too early to tell how the year will pan out. We have registered a reasonable number of cautious but motivated New Year buyers and are taking instructions on a nice collection of flats. The early indications are that activity on all fronts will get into its stride over the coming weeks. I suspect that there are many more buyers out there watching the websites.
Herein lies the clue to successfully marketing and selling your property. Getting the initial asking price right will get the watchers to call in. Get it wrong and they will simply click on to the next.

In this market, you do not want to be listing at a vanity price. Beware the agent’s valuation designed to tease you in.
 
We can offer the experience, the skills and the knowledge to get the job done.
 
It all starts with a phone call or an e mail. If you are thinking of selling this year and want some proper advice from someone who knows, please do get in touch with us.
 
Matthew Berry
Sales Manager
0207 467 7550

Related posts

New Year Predictions

New Year….New Market Our current buyers tend to be  needs-driven and end-user. It is also fair to say that most of them are not first time buyers, neither are they buying a principle property. Investment value still plays a strong part in the light of the fragile market.

Read post

January 23, 2018

Wishing you a very Happy Christmas

It is the time of year for both reflection and prediction.

Read post

December 13, 2017

Fireworks in November?

As I write we have about 6 weeks to go until our Christmas break.

Read post

November 20, 2017

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?