Wed 01 Jan 2014
Paul Price, Associate Director and Sales Managerat Marsh & Parsons, Brook Green.
2013 has been another great year for the Brook Green and Brackenbury Village property markets, with demand for property in the area at an all time high. A continued lack of stock coupled with an increase in the number of buyers registering with our local Brook Green office has resulted in 19 buyers registered for every available property for sale. Many buyers are migrating from Prime Central London including neighbouring areas in the Royal Borough of Kensington and Chelsea, attracted by the local 'village' feel, the great schools, the unrivalled transport links, and most importantly, the cheaper price tag. That said, the discount afforded in this area compared to neighbouring suburbs such as Notting Hill and Holland Park, continues to reduce, as investors enjoy higher returns in terms of rental yields for buy-to-let investments, coupled with a stronger capital growth compared to Prime Central London.