Liquid error: wrong number of arguments (2 for 1) Press Release: New Buyers Soar 83% in London | Marsh & Parsons Sales and Lettings Estate Agents London

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Press Release: New Buyers Soar 83% in London

Fri 23 Jan 2009

Q4 2008 saw the number of Londoners looking to buy a home rocket 83% compared to Q4 2007 according to estate agent Marsh & Parsons. New buyer registrations were abysmally low at the end of 2007 but the end of 2008 and the beginning of 2009 is seeing new interest soar.

Peter Rollings, managing director of Marsh & Parsons, said: The last quarter saw a huge influx of new buyers onto the market in London compared to last year and the first week of 2009 was unusually busy. Buyers are back with a vengeance, and what is different to last year is that they are starting to make offers we have agreed 5 sales in the last 48 hours and all went to best and final offers. House prices in London are always quick to react to financial crisis and people are starting to recognise its a fantastic time to buy now. Property prices have fallen, in some cases substantially and, if you have a decent deposit - there are some great mortgage rates available.

Peter Rollings continued, I dont think were out of the woods yet, but the past few weeks have given us hope. Buyers are making offers and sellers are accepting them. People need to move house for a wide variety of reasons and I think, at last, some of the paralysis has left the market for buyers with enough cash to get a mortgage.

We now need the government to keep its promise on mortgage finance and get banks lending to first time buyers again. A boost at this end of the market would do wonders for the economy.

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For further information please contact:

The Wriglesworth Consultancy

James Staunton / Sarah Davidson

0207 427 1404

Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.

Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.

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