In September, London's property market saw a notable upturn, offering opportunities for property investors. Data from Chestertons highlights this promising trend.
Chestertons' analysis reveals an 11% increase in inquiries from potential investors and a substantial 25% rise in property viewings compared to the previous month. These changes indicate a renewed interest in property investment, possibly due to the Bank of England's decision to maintain stable interest rates.
Matt Thompson, Head of Sales at Chestertons, provides valuable insights, saying, "With interest rates remaining at 5.25% and positive inflation figures, investors are feeling more confident. Those who hesitated earlier this year due to economic uncertainties are returning to property investment."
Chestertons' September data also shows a 30% increase in homeowners looking to sell their properties, expanding the options for potential investors in the London market.
Thompson states, "While investors always look for good opportunities, London's property market has largely stabilized over the past year, with few significant price drops expected in the near future."
For those considering property investment now is an excellent time to consider investing in London as the market displays renewed vigour. Speak with our team today regarding our discounted and completed London apartments.
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