Despite Brexit, research reveals resilience of London property market in face of political confusion
- 14th February 2019
- Selling Property News
Sellers in strong position to move up the property ladder given large range of finance products available to buyers
Research shows that less than five percent of London homes cost less than £250,000 last year, down from a third of homes sold in 2014. Just 3,500 deals were completed at or below £250,000 between June and September last year, out of a total of 70,200, according to data published by The London Evening Standard.
The increasing rarity of these lower cost homes highlights the resilience of the capital’s property market considering all the Brexit and political uncertainty since 2014. There has been a hung parliament, two elections and a Brexit referendum to name just a few.
Realising capital from the sale of their first home is part of the reason why onward and upwards buyers are able to keep marching up the property ladder and support prices especially when coupled with the increasing range of finance options available to them. Those interested in purchasing a property now have more than 5,000 different products on offer. 82% of these are fixed rate loans, typically for periods of 2-5 years. If you are considering getting a mortgage, please contact Jigsaw Mortgages here.
Stephen Ludlow, Chairman of ludlowthompson, comments: “Despite all the naysayers, certain categories of the London property market have performed strongly given all the political uncertainty it has faced.”
“It’s important that sellers seek expert advice to ensure they get the maximum possible price for their home. With over 25 years’ experience in the capital, ludlowthompson is in an excellent position to provide you with such advice.”
To get an instant valuation of your property simply click here and enter your postcode to get started. Alternatively you can arrange for one of our team to visit your property and provide a full property appraisal taking into account the individual aspects of your home, or a telephone appraisal at your earliest convenience: www.ludlowthompson.com/valuation
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
- Katy Davies, Google Reviews
Our sale with Ludlow Thompson, managed by Jonathan, was completed with excellent customer service. After an unsuccessful experience with another estate agents we moved our sale to Ludlow Thompson in Dulwich and everything moved quickly and smoothly from the point of showing prospective buyers around the property to final completion. Jonathan was always on hand to answer our questions and supported us through what can be a stressful process!
- Heinrich Primic, Google Reviews
We dealt with Georgina and what a pleasant experience it was, she followed up with everyone involved and kept the momentum of the deal progressing. I have no doubt the sale would have dragged on for much longer had she not been consistent in chasing the professional parties involved. Thanks Georgina we will highly recommend you to friends and family.
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms . Over a three year period we are ranked as the number 1 agent in the UK on allAgents out of 15,000+ agents, with 5800+ 5* reviews, and we are linked with feefo, a global Google Partner giving the customer another place to search for independent reviews of the company and the individuals that work at ludlowthompson.
“Despite all the naysayers, the London property market has performed strongly given all the political uncertainty it has faced.”
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