Property for sale in Central London: the market cool down confirmed

Just like the weather, the UK is obsessed with property and not a day goes past without a home-related story making the news. Of much interest is property for sale in central London, where some of the world's most sumptuous and expensive homes are located. Winkworth central London estate agents has 12 offices in prime residential areas and we too monitor news relating to the capital's property market. The latest report from the respected property body, the National Association of Estate Agents (NAEA), recorded an increase in first-time buyers aged 31 to 40 for August 2014, for the first time since April this year. Data gathered from over 6,500 of its members showed that although the increase in first-time buyers is a definite positive, most agents believe the foreseen rise in interest rates will affect the demand for property in some way. Winkworth’s central London estate agents have started to see the signs of a contraction in demand for property for sale in Central London, while experiencing a pick up of the property rental market at the end of the holiday season and start of September. Nevertheless, it’s safe to say that interest in buying or investing in prime London residential areas will never completely fade out. What keeps central London property popular with a wide range of national and international buyers and investors is the housing stock. Many of the houses and flats available for sale with our central London estate agents are one of a kind; from some of the majestic period houses in Mayfair, Regent's Park and Marylebone, steeped in unique history that is not replicated anywhere outside of London; to super new developments and unusual architecturally-designed bespoke houses for sale in Clerkenwell, Islington and Notting Hill. Many buyers single out the capital as the property for sale in central London is so unusual and diverse. As well as a beautiful home, purchasers are also buying into a housing market with proven long term prospects, and a world-class location that offers cultural riches, business prospects and facilities beyond other global capital cities. Our central London estate agents expect vendors to successfully sell property in central London even when the market is cooling down. Especially if they are marketing their property through Winkworth. Our expert valuers can judge the market using our local expertise, in-depth reports, historical data and accurate forecasting. It's a skill our clients really appreciate in a prime London market that really is a microclimate all of its own. For details of houses and flats for sale in Central London, or if you have a property to sell, please contact one of Winkworth's 12 Central London estate agents offices.