Posts Tagged ‘Central London property’
Douglas & Gordon’s February 2010 Market Report
March 11th, 2010 by Ivor DickinsonResidential Sales
For the second month running, the amount of property available for sale is steadily growing. It is still less than this time last year, but only by 7%. The number of new properties coming to the market is also healthy – not as many as in January, but still 40% more than February 2009 and likewise valuations are up 32% for the same period.
There is still a strong desire to invest in London property with sales applicants remaining at the same high level as January and the number of sales agreed higher than in any of the previous 12 months and 38% more than February 2009.
Why we WON’T all be selling privately in the near future
January 25th, 2010 by Ed MeadThere has been plenty of press over the weekend and Twitter chat about how the Telegraph’s interview with Sarah Beeny points to the demise of the estate agent. To be fair she opines that 50% of all property sales will be done privately by 2015 so that would seem to give half of us a stay of execution at least.
Sarah has obvious charisma and appeal and it’s all too easy to denigrate agents and jump on the bandwagon. I wish her all the best with her site which is well thought out, slick and deserves to carve out a niche for itself. Private sales are not new and have in the past been the preserve of the bargain hunter, either buyer looking to buy without competition, or seller trying to avoid paying an estate agency a fee.
A return to good sense……
November 30th, 2009 by Ed MeadMy last blog was reminding us how quickly things can change and here we are barely a week later and Dubai is in the poo and those very banks you and I bailed out have now decided there is going to be a double dip and have raised medium term fixed rates accordingly. There’s obviously more going on than meets the eye in Dubai with Abu Dhabi perhaps witholding support until Dubai hands over State backed assets like Emirates that they’ve been coveting. But it’s a wobble none the less with consequences that no one has yet worked out. In the last year or two many rushed to open HSBC accounts thinking they were safe and now suddenly they’re talked of as taking a massive hit. Don’t you just love the rumour mill.
Market Report – The Matchbox Property Guide 2010
May 25th, 2010 by Ivor DickinsonSo, what does 2010 hold for the London property owner? After a slow start February and March saw significant activity in the sales market and prices continuing to rise at the same rate as they did in 2009. However, as we came in to June it was a very different story. It is as if the entire United Kingdom was like a punch drunk boxer, reeling from blow after blow as it discovers the full extent of Blair and Brown’s profligacy over the last twelve years. I seriously believe that the British people are increasingly nervous about the future and the slow decrease in activity in every sector of the property market is largely caused by fear. Never a good emotion when confronting big decisions about whether to rent or to buy, how much to spend or when shall I make my move? The lack of property available to let will mean rental prices increasing month on month and demand for property in central London will mean sales prices holding up, but not necessarily increasing significantly.
Tags: Autumn 2010, Blair, Brown, Central London property, coalition, coalition government, future, increasing, London Property owner, profligacy, rental prices
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