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Jan 2021: London Housing Market

London is in lockdown but the housing market has still managed a strong start of the new year. 
 
Currently, demand for property, especially outside Central London, continues to be strong and is seeing the biggest price surges.
 
The phone may not be ringing as much but Rightmove has reported visits to its site are up by 33%, inquiries to agents up 12%, and the numbers of actual sales are up 9% compared to January last year. Buyers are definitively more committed and efficient.

London Most In Demand Streets

And to a bright 2023!!
As we are slowly easing back into 'normal life' the press is awash with predictions (mostly gloom & doom) about the property markets.

But there is some press that focuses on facts and data... like this article from the Evening Standard (Jan 3, 2023) that lists London's most in-demand streets. No surprises to find out many of them are in RBKC & St Johns Wood, the latter having experienced a real property boom in the past 2 years.

Mayfair also continues to be in high demand as more foreigners return to London to take advantage of a lower pound and more negotiating power.

While the list of the most in-demand streets may surprise some, the reality is that they all share some similarities: they usually have large family houses which attract long-term owners, with residents raising their children in the property and selling after retirement. There is also a strong sense of community as well as historic architecture.
These streets are like gold dust because they are best-in-class and thus scarce.

Don't hold your breath for prices to fall on these streets anytime soon...
[although having a good buying agent may help you beat the queue and get a better price] 

If you want to read the whole article: London Most In Demand Streets

#londonbeststreets #londonproperty #offmarketproperty #buyalondonhome #RBKC #Mayfair