Westminster Sales and Lettings Market Insights For Q2 2019

Lettings 

We are entering the manic months for the Lettings department, the summer traditionally brings a surge in the number of searches and the peak prices achieved over the year. I don’t see this being any different in 2019, with the political uncertainty tenants and landlords are happy to renew and this coupled with high stamp duty and tax changes for the traditional investment Landlords new stock is not forthcoming.  The only effect this has are rents increasing and void periods reducing.

The Tenant Fee Ban is the big legislation change for 2019 and Daniel Cobb have implemented the changes to policy and process already without having to increase our fees to our Landlords. If you’re a Landlord that has been affected by this or have any questions please do get in touch and I’ll happily talk you through it.

If you are considering letting your Westminster property in the near future, we may already have the perfect tenant waiting for it. For furhter information or to have a chat about what your home might be worth, contact our Area Manager, Charlotte Oborne.

Sales

It seems that foreign investment hasn’t completely stalled, as offers have been made and accepted. We have also seen our friends the buying agents calling us again, with high net worth clients searching for property in London.

With many of the new build blocks finished and creating smart comfortable areas, that were once office blocks and industrial sites, choice is now greater in our key areas, as dead zones are now coming back to life.

This all proves that central London is still as popular as ever and yet again the market is beginning to flourish.

If you are considering selling in the near future, we may already have the perfect buyer for your property. For further information on what your property might be worth and to have a chat about the process and what we can do to help, please do not hesitate to contact our Sales Director, Johnny Male.