Wendy Peterman, Petermans
All looked rosy as most agents had a super Jan and Feb, but Brexit uncertainty has now shown its teeth. The number of properties coming to market seem to be declining and although we are seeing plenty of buyers in our area, there is not a great deal for them to purchase. This does push prices up, however there are many overvalued properties on the market and property that sits on the portals for any length of time does not entice buyers. Agents out there are overvaluing to ensure the instruction and then tying their vendors into long contracts. All this achieves is unhappy vendors and an ongoing lack of purchasable stock. In my opinion, vendors expectations have to be managed to ensure the property market keeps moving. Seeing the demise of the EMoov and their associated companies, it seems that the high street agent is the agent of choice. Traditional values of providing service, feedback and constant communication whilst managing a sale is still what vendors want.
Matt Smith, Knight Frank Riverside
The cherry blossoms and the magnolias are in full bloom in Battersea. Spring is in the air and in the steps of buyers fed up to the back teeth of the B word. Family homes in Battersea are back on the agenda for buyers who, in my opinion, have rightly spotted that it is actually an extremely smart time to buy. The market is priced sensitively and comparatively cheaply to recent market highs and we all know that in London, the market can swing from buyer to seller in a very short space of time. We are already seeing many cases of competitive bids due to shortage of stock and very reasonable asking prices.