THE SUMMER MONTHS have been very positive for the Parkheath Sales offices. We have continued to give our clients the correct advice in terms of pricing and marketing, and have not resorted to the practice employed by some other agents of quoting over-inflated prices to gain instructions. This only serves to make a property stale and tainted to the buying market when it is subsequently reduced to the correct level. To get the maximum price for your property, it is crucial to market it at the correct level to begin with.
Prime areas of London once again seem to be acting independently to the rest of the country. Almost daily we hear that property prices are softening, have fallen, or are even about to crash. This is certainly not the case in Belsize Park. South Hampstead and West Hampstead; I cannot state this clearly enough!
The local property market maintained its strength as we moved from spring into summer, due largely to a lack of stock. Although this stock is now growing it still does not come close to fulfilling demand. In the niche, village areas covered by Parkheath there are a finite number of highly covetable properties. This ensures that demand - and prices - remain strong.
The rental market is also gaining momentum. The spring and early part of the summer were very active, but the historically strong months of July and August were a little quieter due, on the whole to lack of stock. As we moved into September we have recorded record months for both New Tenants and our Renewals departments.
I am anticipating the next 3 months to be very strong on both sales and lettings as people work to hit their deadline of moving into a new home for Christmas. We seem to be less affected by the forthcoming government cuts, and actually we are experiencing an increase in confidence and optimism.
As always we are working to help you to achieve your property goals.
Parkheath. Sold on Service
Tom Gladwin
MD, Parkheath
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