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A Good Time To Buy London Property
Sep 23, 2016

News

A Good Time to Buy London Property ()

It would seem that after a slow summer the autumn market is off to a good start with a substantial increase in viewings from prospective buyers. Vendors who are pricing their properties more realistically are attracting offers close to their asking prices. Here at Nicolas Van Patrick we are relieved by this but not entirely surprised, as domestic buyers who are willing to step into the market now are getting 10-15% of capital values, from the peak of the market back in 2014, and international buyers whose currency is pegged to the US dollar or Euro buyers are getting another 10-15% on the currency conversion. Bearing these significant discounts in mind, we'd say this is an excellent time to buy in London.

It would seem that after a slow summer the autumn market is off to a good start with a substantial increase in viewings from prospective buyers. Vendors who are pricing their properties more realistically are attracting offers close to their asking prices.

Here at Nicolas Van Patrick we are relieved by this but not entirely surprised, as domestic buyers who are willing to step into the market now are getting 10-15% of capital values, from the peak of the market back in 2014, and international buyers whose currency is pegged to the US dollar or Euro buyers are getting another 10-15% on the currency conversion.

Bearing these significant discounts in mind, we’d say this is an excellent time to buy in London.