The London Barometer July 2012
Tuesday, August 21, 2012 by Douglas And Gordon
Sales: July 2012
“July seems to show, rather surprisingly given the Olympics, Jubilee and summer holidays, that it’s pretty much business as usual for the London market. Applicants are up 20% year on year and stock levels remain stubbornly low. While sentiment in the UK generally seems to be negative London’s image as a go to City seems to be repairing itself in the reflected warmth of the Olympic Games.
“Furthermore with five year fixed rate mortgages at under 3% perhaps real activity in the Autumn market will surprise us all.”
Ed Mead, Director
Lettings: July 2012
“Now is a really brilliant time to think about renting a property with the market quiet due to the ‘no fly zone’ created by the Olympics and supply at a three year high which is forcing landlords to be flexible. All the indicators are that pent up market activity will make September a phenomenally busy month for the London rentals market.
“Book early to avoid disappointment.”
Virginia Skilbeck, Lettings Director