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Market Update

Market Update

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I hope you all enjoyed a good Christmas and I would like to take this opportunity to wish all my past, present and future clients and customers a Happy and successful 2018.

Following my last update in 2017 local house prices have remained static and in some locations have fallen slightly due to the ongoing Brexit, increased taxes for buy-to-let and second homeowners together with buyer anxiety about what is going to happen to the market. Prices dropped noticeably over the second half of 2017 and now is a good time to purchase as many vendors are wanting to sell and willing to be flexible on price to effect a sale. During 2018 I think we will see static house prices however I still expect there to be a good number of new transactions as there are many reasons for buyers and sellers to move house and if you buy and keep a house in London over say a five year period you are unlikely to not make a profit when you sell.

The Lettings market has remained buoyant with rents having dipped only slightly and tenant demand remains strong with one and two bedroom flats being highly sought after.

Despite the recent market conditions due to hard work, enthusiasm and due diligence we have successfully sold many properties in the area some of which are detailed below and should you have a property you wish to sell in NW2, NW10 or NW9 please do not hesitate to get in contact with me on 0208 450 1633 so that we may set up a mutually convenient time to meet and provide you with a FREE valuation.

I look forward to hearing from you.

JOHN S HOOPER, FNAEA

FOR HOOPERS