For all the tarot cards and tea leaves in the world, no one could have predicted the last 16 months but the London property market is well and truly back on track. Across Aspire’s South West London branches is a renaissance of the property buyer, with new purchaser registrations still well ahead of 2020 and now surpassing levels of interest seen in 2019.
The surge is fuelling a new ‘demand and supply’ situation – with it increasingly becoming a seller’s market due to more buyers than properties available. “We feel the most unsettling months are behind us and confidence in the London market is growing in line with our greater freedoms,” comments Aspire’s Managing Director, Matthew Dabell.
“All our branches hold waiting lists, with buyers returning to their very discerning ways,” adds Matthew. “Purchasers have a list of property ‘must haves’ and ‘would really like’ and they all point to high quality accommodation. Of course, they’re looking for as much outside space as possible and options for home working but traditional benefits, such as off street parking and close proximity to good schools, remain high up on the desirability list.”
New kitchens, modern bathrooms and a quality standard of décor are favoured – especially if they feature in recently refurbished or period properties in South West London. “The problem is lack of choice,” says Matthew. “I think we have found our new normal and for many, this will be in London. Many buyers are keen to move but the imbalance is quite stark. Anyone thinking of selling their South West London home will find viewings and offers will, quite probably, present themselves very quickly after launching on the market.”
You can start your sale today by requesting a free, no-obligation property valuation. Contact your nearest Aspire branch to make an appointment.