Our team at Henry Wiltshire Estate Agents in SW8 have been looking over the findings of the recent Cities House Price Index for London property sales. With average inflation for most of the country growing year on year, what has been happening in our local property market recently?

London Sales Figures Stabilising

Tides are turning for the London property market with a year on year price growth imminent for the first time since 2015.

The current numbers show small growth in the London market over the first half of the year.  Likewise, less discounts from the asking prices are being recorded.  Sellers may have come to terms with changing market attitudes.  Consequently listings are up for the summer on last year’s figures, with more properties having come to the market this June than for the same period last year.

Tides are Turning

A noteworthy conclusion is that something is shifting and people that were holding onto properties are feeling more confident in listing them. Hence, realistic pricing and more focus on the purchasers that are out there is breathing new life into the market again.

If you want to sell your home in London, being open to the best offer on the table now with buyers that ready to go is bringing some growth back to what was being perceived as an imploding market.

Thinking of selling property in London SW8?

With an upwards growth rate and more London postcodes registering monthly price rises than falls, it is a good time for buying and selling in London.

If you have a property to sell in London SW or you are looking for a new investment opportunity, give our team of agents in Henry Wiltshire Nine Elms a call. No matter what postcode you are in, we have expert advice to hand.

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