It has been a busy start to the year for the local housing market. Greater London performed better than central London last year, and this trend seems set to continue.
Encouragingly as we left 2016, 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 in December - a trend we expect to continue as we move through the Spring quarter.
In our areas of South and West London we predict prices will show at least a 2-3% increase by the end of 2017.
We have already had some encouraging sales in the £3m sector this year, a prime example being a period riverside home in Chiswick, with sweeping 252ft garden and direct access to the Thames. We are looking forward to the year ahead with a quiet optimism.