Where Has All the Property Gone?
I spent some of yesterday researching available property for a client I am showing around SE London tomorrow.
What's rather scary right now is how little stock is available for the type of house we are looking for. (My client wants a 3 or 4 bed property in the area)
What does come on the market is selling like hot cakes and consequently prices of houses here are still going up very fast.
One quite big agent had no stock of this type at all.
Two agents I spoke to pointed the finger at people buying into the area who have been priced out of West and North London (who were no doubt in turn forced out by people relocating from other even more up market areas. )
The fact of the matter is that big city money and foreign cash has a spill over effect right across the market in London - and trickles its way down eventually to all parts of the capital.
Meanwhile though, as Ann Ashworth pointed out in last Friday's "Times" property is proving harder to shift in fringe areas of Birmingham and Manchester.
Finally, a request - as lettingfocus.com grows I need the help of an experienced public relations person to help me on a part time basis.
If you are a PR or former PR or know someone who is available, do please get in touch with me at david@lettingfocus.com
Copyright: David Lawrenson
Back to site: www.lettingfocus.com
What's rather scary right now is how little stock is available for the type of house we are looking for. (My client wants a 3 or 4 bed property in the area)
What does come on the market is selling like hot cakes and consequently prices of houses here are still going up very fast.
One quite big agent had no stock of this type at all.
Two agents I spoke to pointed the finger at people buying into the area who have been priced out of West and North London (who were no doubt in turn forced out by people relocating from other even more up market areas. )
The fact of the matter is that big city money and foreign cash has a spill over effect right across the market in London - and trickles its way down eventually to all parts of the capital.
Meanwhile though, as Ann Ashworth pointed out in last Friday's "Times" property is proving harder to shift in fringe areas of Birmingham and Manchester.
Finally, a request - as lettingfocus.com grows I need the help of an experienced public relations person to help me on a part time basis.
If you are a PR or former PR or know someone who is available, do please get in touch with me at david@lettingfocus.com
Copyright: David Lawrenson
Back to site: www.lettingfocus.com
This entry was posted by lettingfocus, on
Wednesday, January 24, 2007.
