I say it every year, and it’s true. August really is a state of mind. While many of our competitors are taking it easy during the summer holidays, our sales teams at Marsh & Parsons will be making the most of an 'active August'. This time of year represents the peak for the lettings market but, like every year, things have slowed somewhat for the sales market. Activity on just the sales pages of the Marsh & Parsons website however, remains energetic at a steady 90% of it's usual performance. An indicator that there’s still plenty of buyers out there looking to secure London property.
In my last blog I said there would be a 5% rise in central London house prices in 2011, which is in contrast to many of my competitors, who predicted much lower increases (and in some cases reports of declines!). I was wrong and uncharacteristically, I’m going to admit I was over-cautious. House prices have already increased by between 5-7% and will continue to do so this year. My latest blog gives my indications as to the extent of this rise. As always, I hope you enjoy the video and welcome your comments and observations about the London property market.
Click here to view the video blog.