The rush is on!
As predicted in my February “market comment”, the PCL (prime central London) property market has suddenly come to life in a big way. Due to the uncertainty of the Eurozone at the end of 2011 and the beginning of 2012, the market was a pretty stagnant place but there was only one obvious outcome to the incredible shortage of property on the market…a mini buying frenzy.
The first signs were there just before I went skiing in mid February and, looking at my emails from afar, I was only hoping that the sales team would be able to cope with the influx of new instructions, desperate buyers trying to grab the new properties and the next wave of sellers jumping onto the bandwagon.
Due to our specialisation in mews and other wonderful houses, we always have some of the very best properties in London on our books and the latest batch is being snapped up at a record pace and at record prices. A number of ‘best bid’ sales and wonderful new properties coming to the market imminently should help maintain this momentum and enable us to keep both our buyers and sellers happy.