As the festive break becomes a distant memory, it is interesting to read industry predictions and commentary for what lies ahead for the central London property market in 2018. As ever, opinions vary as to whether house prices will rise, fall or remain flat. Of course the truth is that it’s almost impossible to predict how prices will fair during such unprecedented times of political and economic uncertainty.
Without doubt, the double digit price rises seen in 2013/2014 are behind us, but that isn’t to say the market is quiet. After a period of gestation, we are witnessing an increase in transaction volumes and there are buyers who are starting to emerge from a perpetual state of “wait and see” and we are witnessing some encouraging signs in the prime market.
Across the board, there is an increase in buyer enquiries and crucially, vendors are accepting that if they want to sell, they need to understand and appreciate the real value of their asset. The result of this could be a large flow of sales, albeit only if the property is priced correctly. At Tedworth, one of our key objectives is to provide sellers with the very best advice, borne out of a combined 30 years experience in the market. Rather than suggesting a price that we think a client wants to hear, our modus operandi is to offer the correct advice to ensure that ultimately we achieve the right result (and the best price).
With a well placed and experienced agent on your side, it’s very possible and indeed realistic to expect a good sale in the coming months and we at Tedworth would be delighted to help in achieving your property goals in 2018.