There are a lot of buyers around at the moment; these early weeks in the year are a good window of opportunity for sellers. The market is strong across the capital, with buyers jumping in where they see good value, a good location or both. Come spring there will be more choice for buyers, so savvy sellers will be putting their homes on the market now.
It is by no means the ‘perfect scenario’ to sell now and delay buying – it could be dangerous to be out of the market. There is no indication that prices are falling. Prices may not be rising as quickly as they were, but they are not falling – ebbs and flows are to be expected following years of sharp increases, but Dexters can confidently say that there is still upward pressure on prices, with the overall trend being that of gradual increase. Homeowners should be aiming to sell and then buy at the same market price – why wait?
The number of London residential properties hitting the market dropped significantly in January, as sellers remain wary of the imminent Brexit process and a tax increase. In January, new listings fell 14 percent from a year earlier, according to property website operator Rightmove. The average asking price of a property in the city jumped 1.4 percent in January to 624,935 pounds ($759,000), Bloomberg reported. Last month, Rightmove predicted prices in the city will decline 5 percent in 2017. The Brexit vote in June raised New York City brokers’ hopes that international investors would flock to New York City. In October, heavyweight Barbara Corcoran said Brexit had been a “black eye” for the city’s market.