The Word with Matt Smith, Partner and Office Head at Knight Frank Riverside, sees the market keeping calm and carrying as Brexit looms.
The property market in Battersea is quickly gaining pace as spring approaches. Many deals are taking place “off market” with sellers preferring to hold off marketing until after March 29th but still very much willing to sell at a reasonable price. There seems to be a definite sentiment that now is actually a good time to buy and that in fact, we may well have passed the bottom of the market. Predictions such as these are very difficult to foresee, but with buyer registrations up by 32% year on year, and prices down from the peak, it is clear that there is both frustration and pent up demand.
Houses remain extremely popular between £800,00 and £1,500,000 for growing families and those looking to trade up from a flat. We have seen tremendous demand for houses in The Diamond Conservation Area, The Shaftesbury Conservation area, “The Sisters”, and “Little India”.
Flat and house sales around the park always perform well and we have seen competitive bids on multiple properties recently, which has been something that seemed to have been confined to the past.
We have an increasing selection of properties for buyers and tenant; and together with our offices in Clapham, Chelsea, Wandsworth and Dulwich, also have a significant selection of buyers in the SW area.
It’s always a pleasure to contribute to this column and I usually try not to sound too much like a typical estate agent. I suspect I haven’t managed to accomplish that this time, but it is so pleasing to write that the market seems to be keeping calm and carrying on. It’s British pluck and stiff upper lip. After all, how much longer can one wait – take that Brexit uncertainty.