As 2017 draws to a close, my team and I have been reflecting on 2017’s property market. As with any market, there have been some peaks and troughs. We came to the conclusion that 2018 might be another tough year and if you are a Landlord or a Vendor, our motto for 2018 will be ‘dress to sell’.
To summarise the property market in 2017…
The year end lull of 2016 continued into early 2017. Buyers were reluctant to buy and vendors were reluctant to reduce asking prices. Who to blame/what to blame? Stamp duty, Brexit, changes to Landlord tax, BTL lending . For those of you are interested this is great article to read: https://www.economist.com/news/britain/21730914-first-time-years-capital-performing-worse-rest-country-londons
Buyers were nervous, prices began to fall and we saw an increase in activity and offers. Despite a pretty turbulent start to 2017, the lettings market remained pretty steady which should make Landlords breathe a sigh of relief.
It became more apparent over the year, the flats that were well presented and dressed beautifully, were attracting more attention and achieving the best possible price we could achieve on the open market. We therefore took a look back through our Top 3 ‘best dressed’ properties of 2017.
If you are a vendor or a landlord and you are struggling to sell or rent your property, perhaps this should be something to consider? Being Estate Agents in W1 , we offer services in residential sales, lettings and interior design.
F I T Z R O Y S Q U A R E
(Interior Styling by EHG Home)
M O R T I M E R S T R E E T
(Interior Styling by Davis Brown)
F I T Z R O Y S T R E E T