After a challenging year dominated by world and European events, and despite the solemn predictions from leading economists that property prices would be plummeting by double percentage figures, we would like to share some reassuring market news. Property prices in South West London have shown robust indifference to the analysts’ forecasts.
As we enter 2017, residential property across the board in our areas showed almost like for like values with 2015, averaging a modest - 0.1%, and we predict prices will show at least a 2-3% increase by the end of the year.
Encouragingly the number of year on year agreed sales improved from a 17.6% decline in October to -7.2% in November, with a 1.1% increase so far in December - a trend we expect to continue as we move into the New Year.
Looking ahead, we forecast in 2017 that values will remain consistent, supported by low interest rates and demand outstripping supply.
We specialise in selling and letting homes in some of South West London’s most desirable postcodes, voted year on year to be the number one choices for families and professionals.
We are one of the capital’s leading independent agencies, recognised for our expert local knowledge and exemplary professional service, so if you are considering a move this year, do come and have a chat at one of our 10 branches.