Leading estate agent Andrews is predicting a cracking Easter and a record breaking May for property sales in London.
Year- on- year more people instruct Andrews to market their home in May than at any other time (25% above year average *¹); however, this year the company believe it will be its best for property sales for ten years.
Last year Andrews found that property valuations in May happened at the fastest rate across the year (15% above the year average*¹) viewings were up 10%*¹, more people applied to hear about new properties (6%*¹) and most importantly it was the most profitable time of year to sell as offers were 8%*¹ above the average.
The housing market has continued to improve since last May with house prices now up by 18.2% since 2013 in London according to the Nationwide House Price Index. With the Chancellor confirming in March that the Help to Buy Scheme will be extended until 2020 and with house prices expected to continue to rise in the next 12 months competition to buy properties looks only to increase.
Michael Robson, CEO of Andrews, said: “During Easter and May prospective sellers know this is the best time of year to put their property onto the market and are undoubtedly gaining more confidence as the housing market continues to improve.
However, in the last ten years we believe that there has never been a better environment to sell your property in order to get ahead of the competition and ensure the best price as well as the swiftest sale.
We predict that competition for houses during this time will be fierce, but know that our vendors will be best placed to seize this opportunity, as those who choose to market their property via our Open View sessions are three times more like to get an offer over their target price (*³).”
Andrews has extended its opening hours to 8am to 8pm and its opening days with branches are now accessible on Sundays and Bank Holidays. The company also ensures that any buyers registered are in the best position possible to purchase a property and gives them help and support to enable them to be ‘market ready’.
photo -http://www.andrewsonline.co.uk