London agent Chestertons reports that 2020 has got off to a flying start as sales enquiries, buyer registrations, new listings and offers are all significantly up compared to the same time last year.
In the ten days following January 2, Chestertons reports that sales enquiries were up on last year by 76%, while new buyer registrations and the number of offers being made on properties were up 15.6% and 43.7% respectively.
The number of new properties coming on to the market was also 20% higher than 2019.
Guy Gittins, managing director of Chestertons, said: “Looking back over many years of data, we’ve never seen such a sharp increase in buyer and seller activity.”
Chestertons says that the London market is “dramatically under-supplied” in terms of available stock.
Meanwhile Fraser Slater, CEO of London buying agent Ludgrove, said he expects 2020 to be the year that the prime London housing market “finally regains its mojo”.
He described the last five years as the longest London bear market on record, with prices dropping 28% in real terms from peak to trough.
He is now forecasting sales volumes to grow by 20% and prices by 10% this year.
Comments (3)
Well spotted PB .Have to admit didnt check it out for recycling .Take some reassurance mind if its been kicking around for that long and they have just got it away !
Certainly looking at the CWD brands In London JDW and Hamptons listings have taken a turn for the better . Some old chestnuts going under offer and a spate of instructions already this month
However some of the offices have been running on empty with only a handful of sales since the summer It’s all relative. The Greene amalgamation with a big question mark still Should have left well alone
This one at Tregunter Road went under offer in 24 hours listed on the 14th by JDW
https://www.zoopla.co.uk/for-sale/details/52177942
Long may it continue
Talking of Long actually bought some shares Can only hope they keep him and the rest of the BODS locked in the boardroom banned from medddling and take the cheque book away from them
Just think what a decent set o BODS can do with this now
An extremely interesting example, Hillofwad71.
According to Rightmove, the property was actually listed on 23 July last year.
According to Zoopla, the property was apparently listed by the same company in 2013. Unless they have it wrong – which is entirely possible – the photos displayed as being from that 2013 listing indicate that nothing in the flat has moved in over six years… which kinda puts me off taking a bite of that inviting-looking apple!
Interested in others’ thoughts on this one.