London Barometer

EXECUTIVE DIRECTOR, DOUGLAS & GORDON

As EXPECTED, December was much busier than usual; 50 per cent more properties came onto the market, 20 per cent more buyers registered and almost 40 per cent more offers were received. Vendors who heeded our advice and took advantage of the December market did well as a result.

Based on the latter part of 2013, all the signs point to another year of price rises with even more pent up demand and the main core of activity taking place in “Emerging Prime” areas just outside Prime Central London. We are anticipating another year of price growth, ranging from five per cent to seven per cent.