2017 has been busy for Dexters, as demonstrated by the 27,000 viewing appointments we book on average every month. Investment interest remains strong; first time buyers are out in high numbers looking to buy and traditional family areas are very busy.
London’s property market has slowed dramatically with prices rising at their slowest rate for nearly five years, according to latest official figures. The average cost of a home in the capital rose just 3.7 per cent to £474,704 in the year to February and actually slipped slightly in January, the latest data from the Land Registry reveals. In four boroughs prices are now falling year on year and double digit growth - the norm for much of London last year - is now confined to Havering and Kensington & Chelsea. The data suggests that the slowdown that started in the most expensive central areas following sharp increases in stamp duty is now finally spreading out to the suburbs.