London barometer

EXECUTIVE DIRECTOR, DOUGLAS & GORDON

THE SPRING market is already as busy as we expected with buyers up around 15 per cent and stock levels increasing slightly each month. Homeowners seem keen to take advantage of the strong sales market but many are surprised at the speed with which their properties are going under offer. This presents a problem when these sellers can’t find anywhere to move to in London or the country, which was the cause of 92 per cent of our fall throughs in March.

Panic offering seems be starting to calm down as buyers are reconsidering values and taking a much more measured approach to the buying process, whilst waiting for more stock to come this spring.