Summer 2010

As the heat comes to the summer months, so the property market appears to be cooling a little. However, this may be short lived as overseas investors still fuel the market enjoying the still less expensive sterling and the long held opinion that London is still a strong investment prospect.

Estate agents appear to be in agreement that a little more stock has come on to the market, owing to the HIP (home information Pack) being put on hold, along with the elections and budgets having been announced. Domestic buyers in Central London still appear to be a ghost of the past, although those whom have held on as long as they can are now looking to move- those with expanding families for example who look to have their move accomplished before the start of the next school term.

Overall however, there is still a general consensus that the right property at the right price and in the right location is still being snapped up at an alarming rate. With HIP’s on hold, it is now more difficult for buyers to ensure that they are getting in through every door. It is hugely time consuming to ‘become friends’ with all of the agents in any one area in London, and therefore buying agents are finding that more clients are coming to them with the hope that they will enable them to get in through these doors. Stacks London has been very successful in this area recently and continues to be. It takes many years of building business relationships and also knowing exactly how to ensure that everything is in the right place to secure any purchases, and having a good buying agent with experience, knowledge and also the contact lists is imperative in finding the correct property and being ahead of the game.

If you would like any further information, please do not hesitate to contact either Adam Keville or Sara Ransom on the e-mail addresses or telephone numbers above.