British Property Award Winner 2017 & 2018
LCPAca Residential Index for May, 2019 shows positive trends in the property market in the capital. Despite the moderate annual growth of 2.5%, average prices in Greater London have risen by 3.2% over the last quarter. In addition, the volume of sales increased by 13.8% during the same period which indicates the growing optimism in sales market in London.
However, the report goes onto say that political uncertainties related to Conservative leadership contest makes it hard to predict how London’s housing market will be affected. Looking at current numbers it is clear that investors as well as local residential buyers are getting impatient.
Madison Brook operates across London with the Royal Victoria Docks office marking the beginning of the journey. This area has always shown a high potential even when the market is flat. According to the article in the latest Wharf Life newspaper, the average yield in Docklands area is averaging around 4.5% for all property types for the last few years. The market in E14 area has been favourable for landlords as more Londoners are choosing to rent instead of buying.
Our Head of Residential Sales Adam Hoskins observes that considering the amount of uncertainty currently haunting the property market in London, there is still a rise in transactions levels and property prices, showing that the market is extremely durable and should give a lot of confidence to buyers and sellers currently worried on what the future will hold for Residential Property in London.
We have proven a track record of partnering with investors looking to both buy and sell in East and South East London - our Sales team in [email protected] and [email protected] are available to help.
Wharf - Life newspaper, Jul 3 - 17, 2019
National Housing Federation Report
MBI Shortlisted for National Award