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Sales market update from Donna Littman, Snellers' Sales Director

This year the property market has kicked off with a bang rather than the much predicted whimper the papers talked about. In all Snellers’ offices we’re seeing plenty of motivated buyers out looking in all weathers, and this has set the tone for what we believe to be a positive and energetic year for property in south west London.

While prices took a modest dip last summer, it was in keeping with the ebb and flow of supply and demand. Now it’s a very different story - confidence has returned to the market and lots of buyers about mean we expect to get plenty of offers and achieve healthy prices for clients.

That said, sellers who do best are the ones who set realistic asking prices. Donna Littman, Snellers’ Director said: “The other notable feature of the current housing trend is that it’s a very local market and we’re moving people from road to road in the same area.

“Over the next 12 months I don’t foresee any dramatic changes in the current picture. We’d certainly like more property on the market because there’s a relentless demand for all types of properties from bijou flats to the grandest of mansions, and everything in between.”

 

Lettings update from Phill Truss, Snellers' Lettings Director

Meanwhile the picture in the lettings market is dominated by a shortage of stock - especially family houses, which are in big demand, so much so that they’re getting multiple bids.

“For example this weekend we had ten offers - four on the same property,” said Snellers’ Lettings Director Phil Truss. “So unless supply and demand changes dramatically I think this will be the way the lettings market rolls for a good part of the year.”