Right now in London, it seems to be confusingly both a buyers’ market and a sellers’ market.
Speaking in The Times, our Managing Partner, Camilla Dell shared her thoughts on the current state of our capital’s property market:
“In the outer prime London family neighbourhoods like Fulham and Clapham we’re definitely seeing increased competition, sealed bids, not enough supply and more buyers than there is available stock,” she said. “Part of the reason is people are moving less. In the days when stamp duty was lower, people would take baby steps up the housing ladder. Now they save and live with their parents for longer, and when they are ready to buy, they start with a family house. And that has caused increased competition.”
Read the full article by Hugh Graham here.