“Since the start of the year, London has very much been back in vogue with both buyers and there’s now an acute supply and demand imbalance.
“This has led to competitive bidding on properties and driven up pricing…”
“We’re seeing strong activity from both the domestic market and overseas buyers now that travel restrictions have eased for many, so now really is a good time to sell.
“We are working with a number of clients who are planning on upsizing within London as they see themselves living in the capital for many years to come.
“The pandemic really focused people’s minds on what they want from their space and where they want to live, resulting in higher demand for larger properties with more outside space.
“As such, the family house market is where there is most demand and there’s a lot of pressure as you move up through the market – there is little availability and significant competition for houses above £4m. We are sourcing a lot of property off-market in order to meet this demand.”
You can read the full article by Marc Shoffman at Estate Agent Today.