The London property market
“At Dexters we are consistently arranging up to 45,000 viewing appointments a month across London and we receive over 200,000 visits to our website every month. Not that we are surprised at these numbers,” says Andy Shepherd, Dexters Chief Executive. “We are London's leading independent Estate Agent, with over 55,000 registered buyers and tenants actively looking for property across the capital. Our staff are flat out, marketing, selling and letting homes across London.”
Sales market update
“With over 70 offices across the capital and 35 in central London, our local experts are highly experienced in their markets and are able to provide people 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.
With new offices now open in Westbourne Grove, Kensal Rise and Wapping, as well as the recent acquisition of North London heavyweights Benham & Reeves Sales, with offices in Hampstead, Highgate, West Hampstead and Dartmouth Park, Dexters is continuing to increase its coverage across the capital.
“We have also recently grown our New Homes department to include East London,” continues Andy. “We now work for developers all over London, with four New Homes centres of excellence covering all areas of the capital. New homes are a critical ingredient for London’s future success and are a vital part of our business. To match accelerating demand from both buyers and prospective tenants, supply of new properties entering the market is fundamental.”
“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.”
“As a business, Dexters has no outside investors, having grown organically and through acquisitions over the years, and we are continuing to grow year by year. 2018 has been busy; we’re expanding every section of the business because we have every confidence in the future of the London property market and we expect this year to break all records.”
If you are considering selling your property or would like an update on your local market, we would be delighted to assist. Please click the link to make contact with your local Dexters office.
Lettings market update
“Our Corporate Lettings and International Relocation department deal with 200 enquiries a week and we are seeing this momentum continue into the summer,” 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 over 20,000 Landlords who regularly recommend our services to others. "With over 70 offices across the capital and 35 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 the link to make contact with your local Dexters office.