A Spring in the Market …

23.03.2022

You will have seen in the press that despite rising interest rates and geopolitical problems, the housing market continues to strengthen in 2022. Prices rose again at a pace in January, February and March and partly this is because ther are less properties available than usual. Maybe this is because so many people moved house already in the last 2 years.  Some agents are having problems getting new stock but we are regularly bringing new properties to market. But because of the lack of other supply we are having to manage viewings and competing offers in a careful and structured way to be fair to all parties. On successive Saturdays we’ve had launch days with multiple viewings and most times offers going over the asking price. Last Saturday we had a launch day on a 3 bedroom flat in Beaufort Court which produced three offers over the asking price. The previous Saturday we had many viewings on a house in Broughton Avenue. We never advertised this property or put it on any websites, – we just offered it to our extensive list of buyers already already registered with us.   Please keep an eye on our website for updates but do call us on 020 8549 5099 or email mail@mervynsmith.co.uk if you want to register your interest for new properties coming on. Equally if you are interested in selling in a discreet manner you can talk to us in confidence.