London Barometer

SALES DIRECTOR, DOUGLAS & GORDON

The summer is traditionally a quieter time to put a house onto the market as buyers tend to be away or less motivated when their children are on school holidays. However, savvy sellers are benefiting from an 18% increase in buyers registering in July this year, which is the same level you would expect to see in the busy spring market. The good weather has resulted in more people viewing properties and using the summer holidays to reconsider their living arrangements.

We continue to see stock levels decreasing in London whilst house prices are increasing which is creating a competitive sales market where the best houses are selling in record time and in some cases receiving multiple bids.