As we move into 2018, there are signs that the property market in West Hampstead is improving. Despite what others may say, there is evidence of a market out there for those looking to sell their home. With changes to stamp duty in the autumn statement and the hesitation caused by Brexit beginning to settle, there is an increased optimism surrounding the property market as we begin the new year.
The high level of activity we’ve been experiencing in north-west London is a reflection of the upturn in confidence buyers have in the market. A recent poll conducted by The Times discovered that 41% of the British public believe that house prices will rise in 2018, with only 14% believing that they might fall. The Guardian has also reported that industry professionals are predicting a rise in house prices of up to 3% this year.
Our ability to tap into this positive market sentiment and rise above the obstacles other agents may be struggling with is proven by our recent successful sale of a one-bedroom apartment that achieved a record price for its address. This property had been on the market for a while with the owner coming under pressure to reduce the price. We also agreed the sale of another apartment in the centre of West Hampstead on the December 22nd, our last working day of 2017!
The success we’ve had in selling such properties comes from having the positivity and confidence brought about by our phenomenal success in handling the sale, rental and management of apartments at West Hampstead Square. With offices across London and in Asia we have a database of thousands of buyers, both in the UK and overseas. This means we aren’t reliant purely on the confidence of local buyers, and as such are able to avoid being mired in the more static local market. Our achievements are even more impressive considering we’ve accomplished them before officially launching our West Hampstead office, with marketing not yet in full swing.
If you are thinking of selling or renting your property in 2018, or have been on the market for a while and are frustrated by lack of progress or constant negativity, then please get in touch with us for a free initial consultation.
We look forward to hearing from you.
T: 020 7481 2907
JOHNS&CO, Unit 7, Hardy Building, West End Lane, London, NW6 2BR
P.S. We also want to say a big thank you to everyone who donated to our Christmas Foodbank collection. Across our offices we collected more than a thousand items of food and toiletries, and we hope to improve on that in 2018.