Posted on: Thursday, June 24, 2021
Agents report the sales to stock ratio across London is at its highest level since the summer of 2016 (RICS). Across London the annual rate of housing stock turnover is 3%. The most active markets are currently Tower Hamlets, Greenwich, Bromley, Wandsworth and Lambeth.
Month-on-month average property prices are rising in all regions of the UK. Although year-on-year price growth across London is marginally lower than the 4% recorded a year ago, double-digit annual price growth is currently evident in three areas in the capital. While a lack of supply has not been as pronounced in London as in other parts of the UK, there is clear evidence of rising demand.
Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in London is 57 days.The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.
This imposing and spacious Georgian house, built in 1771, spans over five wonderful floors. Sympathetic restoration has been carried out with extraordinary attention and respect to the original Georgian aesthetic. The result marries perfectly traditional splendour with top quality contemporary infrastructure. All fixtures and fittings have been produced by master craftspeople at the apex of their professions. A state-of-the-art kitchen by Bulthaup and Gaggenau creates a most elegant cooking environment, whilst the bathrooms and sanitary ware throughout are by Boffi, Agape and Vola.
A most impressive and appealing detached family house with a gated driveway and spacious open-plan reception areas, which has been refurbished, improved, and lovingly maintained by the current owner. The property combines a traditional character exterior with a modern interior, with luxurious bathrooms, a modern contemporary kitchen and natural stone floors throughout the ground floor. There are bi-fold doors that lead from the living area to the mainly lawned garden, which is ideal for entertaining, has a paved seating area and is surrounded by mature hedge plants.
An elegant, three-bedroom period house, tucked away in a tranquil setting, in the heart of Camden. This two-storey Victorian terraced house encompasses a vibrant yet cosy feeling, ideal for entertaining or working from home. The centrepiece of this fine property is its lovely ground floor, featuring a spacious open-plan double reception room leading directly onto the kitchen/dining room, in turn to a well-maintained garden. The first floor features the master bedroom, two further bedrooms and a three-piece modern bathroom suite.
Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.