Autumn 2012: What are values doing in the village?

Michael Wilson, Mountgrange Heritage SalesWhat a summer we’ve had. The grey skies overhead during May, June and July extended to the local property market which seemed to suffer and falter, mostly due to over-ambitious pricing and the nervousness in the global economy about the future of the Eurozone.

Then it all changed; the sun came out and the Olympics rolled into town, flame held aloft for the world to see. The energy and optimism that we’ve witnessed at the venues and on the streets of London has also been reflected in the local market; August has been extraordinarily busy which has been a pleasant surprise in what is considered by many to be a quiet time. The focus and commitment of those out looking to buy or rent was excellent.

We are now in the throes of the traditionally busy autumn market and this period will probably be telling in what has so far been a very up and down year.

There is still a large proportion of sales transacting “off market” which not only makes it difficult for buyers to gauge pricing and availability but also makes if very difficult for statisticians and forecasters to report accurately on this year’s trends. There is much more activity in the market than one might think. Our advice is clear, keep in touch with your agent; otherwise your perfect property may be snapped up before you’ve heard about it.

Our own gold medal winner for 2012 is without doubt our new office in North Kensington which is starting to gather momentum and has underpinned our successful business elsewhere in the borough.

Michael Wilson
Director – Head of Sales, Mountgrange Heritage
Posted: 10 September 2012