Absolutely Kensington: Property News Steady August Market
Wed 31 Jul 2013
Craig Tonkin, Director at Marsh & Parsons, Kensington.
020 7368 4450 marshandparsons.co.uk
Steady August Market
The Kensington market remains strong across all price ranges and prices have gently risen again this year in part due to a lack of stock but also fuelled by good demand. The very best properties have been going to sealed bids and selling quickly, demonstrating that Kensington is still an extremely popular area for investors and owners alike. As we move into August we are registering an increasing number of international buyers looking for investment properties ranging from portered block to well presented houses/flats.
Generally there is a slowdown in new stock coming to the market in August but with plenty of determined buyers registered across all our Central London offices, anything coming to the market now is achieving great results due to this imbalance of supply and demand. We expect supply to increase as usual in early September and the market to re-balance.