Every day there are news about the London property market. But so many are right down contradictory or confusing. So from time to time when we find a good article we like sharing it. Please read: https://www.bloomberg.com/news/articles/2017-11-09/london-house-price-slump-persists-as-brokers-see-sales-tumble
And we will also advise to read: http://www.knightfrank.co.uk/blog/2017/11/07/rate-of-price-decline-moderates-in-prime-central-london
The first article refers to the property market as a whole but it does differentiate between areas and price brackets. The 2nd one focuses more on our area of expertise as buying agents: Central London.
Despite reports, we are seeing good activity in the Central London property market although we are also witnessing some interesting situations: for ex. it may be cheaper to buy a property in some areas of Chelsea and South Ken than in Fulham. Also many people who have been around for a while seem to be finally committing to buy and many of these buyers have caused some sealed bid situations in areas where there are good schools.
In the current market, more than ever it pays to get advice from a professional buying agent, not just to get it right and avoid costly mistakes but also to get the best your money can buy.
So if you need help navigating these uncertain waters, contact us. We will be happy to help.