The London property market
“Activity in London continues to grow and with increased confidence in the market we are seeing high volumes of both buyers and sellers looking to move in the early part of the year," says Andy Shepherd, Dexters Chief Executive.
Sales market update
“Our website viewing figures were up by as much as 60 per cent in December when compared to 2016. We are consistently arranging over 1,000 viewing appointments every day and up to 45,000 viewings a month. Not that we are surprised at these numbers; we are London's leading independent Estate Agent, with over 50,000 registered buyers and tenants actively looking for property across the capital. Our staff are flat out, marketing and selling homes across London.”
With over 60 offices across the capital and 28 in central London, our local experts are highly experienced in their markets and are able to provide clients with the best advice on all aspects of buying and selling within their localities. Our local specialists live in the areas in which they work, so have a deep understanding of the qualities and nuances that make each London area so unique and desirable.
“Across the capital, our teams are very busy with high volumes of activity working closely with active buyers and tenants keen to find their new London home,” says Andy. “It’s not just private buyers who are busy - investors from across the globe are looking to increase their portfolios, whether through acquiring individual properties, entire blocks or build-to-rent schemes.”
If you are considering selling your property or would like an update on your local market, we would be delighted to assist. Please click here to make contact with your local Dexters office.
Lettings market update
The London lettings market was incredibly busy in 2017, particularly with corporate and international tenants. “Our Corporate Lettings and International Relocation department dealt with 10,000 enquiries last year and we are seeing this momentum continue into 2018,” explains Alex Harrington, Group Lettings Managing Director. The team, based in Mayfair, deals with enquiries from companies and individuals from around the world looking to relocate to London, making Dexters a market leader in high quality corporate lettings. This service has attracted companies who now deal with Dexters exclusively when relocating employees to London, meaning we can put your property in front of an unrivalled database of top quality tenants.
At Dexters our lettings transaction numbers have significantly increased year-on-year and we attribute this to working hard for our 20,000 landlords who regularly recommend our services to others. "With over 60 offices across the capital and 28 in central London, our local lettings experts are highly experienced in their markets and are able to provide both Landlords and prospective tenants with the best advice on all aspects or renting and letting property.” says Alex. “We work tirelessly to find the very best tenants for our landlords, keeping void periods and arrears to an absolute minimum. We also encourage longer tenancies and are seeing an increasing number of three-year rental agreements.”
If you are considering letting your property or would like an update on your local market, we would be delighted to assist. Please click here to make contact with your local Dexters office.