The London property market continues to show strong signs of recovery and house prices in some cases are exceeding the record highs of 2007.
London has always been a good safe investment for property, and this year never more so. With the eyes of the world on the capital, investment is pouring in with keen buyers from around the globe looking to secure property in the London market. Many realise that this is a best time and a great location to watch their investment grow, expecting to hold their property for a number of years with confidence that they are entering in to a growing and secure market.
Locally there is a really strong feel-good factor associated with the Olympics and the Jubilee, which is boosting both the sales and rental market. We see the market continuing to gather momentum as a pent up supply of buyers are returning with new enthusiasm and confidence as they see a stable and secure sales picture.
The mortgage market has as also improved with new products coming to the market and increased funds available for both first time buyers and existing borrowers. Gross mortgage lending in March was an estimated £13.4 billion which is the highest monthly total for March since 2008.
With all the signs in sales being positive, there is no better time to sell and although there will appear to be many competent high street agents to choose from only a handful consistently deliver on their promises and get great results for their clients. Dexters is one of these small elite of agents and with over 70% of its business coming from recommendations of clients we are trusted by thousands of homeowners across London every year. Our track proven record and success rate over the last 19 years demonstrates our ability to deliver the right advice about pricing, marketing and timing.
Both overseas investors and local landlords are ploughing money in to the London property market all justifiably confident they will get a good return on their investment over a sustained period. There is a large demand for properties of all types from studio apartments to substantial family homes.
Landlords are turning to reliable, regulated agents to find first class tenants. The best agents earn their fees by maximising landlord’s returns whilst continuing to advise clients and assist them in improving the value of their investment. Many landlords are looking to secure longer term lets and minimise the risk of void periods with no rent. Dexters are experienced and work hard to find the right tenant to suit and we are seeing tenants paying good prices to secure the right property.
So if you are thinking of selling or letting, its worth speaking to the Dexters the agent that always puts the clients first.