Last Updated: 26/01/2017
Author: Raj, Head of Sales Tags: London Property
The start of the year has flown by with a very busy couple of months at Living in London. We saw a high number of completions after the holidays and interest in buying London property is picking up the pace.
Notably, throughout January we experienced a high demand for 1 bedroom flats up to £350,000 and 2 bedroom flats between £400,000 and £500,000. As a result of this high demand, our properties have been getting multiple offers from qualified buyers.
As February closed, we saw the market heating up even more. There continued to be high levels of interest for 2 bedroom flats priced between £400,000 and £600,000, up from £500,000 we saw in January. Now that we're well into March, the market is still maintaining its momentum and is keeping us busy.
In light of upcoming changes to stamp duty for secondary homeowners, there has been plenty of interest from buy to-let-investors who want to complete before 1st April. We are speaking with many investors who were keen to get in their offers and completions prior to this date.
In light of the strength of activity in the market, now is a great time to call for an updated market appraisal to learn about our current investment opportunities, if you would like any further information on buy-to-let properties or just to speak to about how these market trends might benefit you.