Why is my property in Central London currently worth more money?
By Rob Hill Director
A question we keep being asked by our Vendors after being pleasantly surprised by their updated Sales Valuation is Why Is My Property Currently Worth More Money?
The reasons are simple.
Walking to work has never been such high priority and naturally we have seen a huge surge of clients desperate to own property close to their offices in Central London. With this in mind applicants are eager to pay a potential premium for the right location.
Alongside the fact that people have been unable to move for the last few weeks/months and the supply is currently limited – this ensures house prices in the city remain strong.
Grab It While It Lasts...
We are warning all our vendors – this price surge potentially won’t last for long. With the supply currently low and demand high - naturally this keeps your property price attractive. But, with the students gone, and the international renters flooding back to their home countries, landlords will find their properties with voids and our advice at the moment is either accept lower rent or sell.
80,000 Airbnb’s came back into the London’s Rental Market during lockdown – these properties are well presented and ready to move. This makes existing renting properties either undesirable or cheaper.
Greater London Properties have been serving your community since 2003, and with all the appropriate Social Distancing regulations in place, we would happily arrange to come and visit your property to let you know how much your home could currently be worth.
If you are a landlord and you are concerned about void periods in your property, this is a great time to sell or give your home a makeover. There is plenty of information about options available to you on the news page of our website glp.co.uk else, give my team a call (0207 113 1066) and they can put you in touch with the right people.
From Social Distancing Valuations (simply upload photos) to Bespoke Home Reports, our team can offer you as much advice as you need as we slowly come out of lockdown and back to the new ‘normal’.
Please us today on 207 113 1066 or if you’d prefer email me at rob@glp.co.uk.
Rob Hill, Director
Greater London Properties