Spring boost for the market
Wed 30 Apr 2014
As with every year, the spring has given the Prime Central London property market a boost and there are now more properties for sale compared to the beginning of the year. Unsurprisingly, this increase has attracted a new flurry of buyers and the ratio of 14 buyers for every property has contributed to rising values. We are continuing to see a proportionately high number of sealed bids in the sales process, compared to last year and in many cases, we are achieving record prices for our clients. However, Chelsea does attract savvy buyers, so sellers should be aware that, although they are likely to enjoy a premium sale of their property in the current market, they will not achieve unrealistic prices.