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Regional Property Market Update Summer 2021: London

Posted on: Thursday, June 24, 2021


2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratio across London is at its highest level since the summer of 2016 (RICS). Across London the annual rate of housing stock turnover is 3%. The most active markets are currently Tower Hamlets, Greenwich, Bromley, Wandsworth and Lambeth.

 

London annual rate of price change regional property market report statistics

 

Price growth strengthens

Month-on-month average property prices are rising in all regions of the UK. Although year-on-year price growth across London is marginally lower than the 4% recorded a year ago, double-digit annual price growth is currently evident in three areas in the capital. While a lack of supply has not been as pronounced in London as in other parts of the UK, there is clear evidence of rising demand. 

 

London annual rate of price change regional property market report stats

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in London is 57 days.The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE FULL LONDON REGIONAL PROPERTY MARKET REPORT

 

Properties for sale in the London region of the UK

Camberwell, London, 5 bedrooms

This imposing and spacious Georgian house, built in 1771, spans over five wonderful floors. Sympathetic restoration has been carried out with extraordinary attention and respect to the original Georgian aesthetic. The result marries perfectly traditional splendour with top quality contemporary infrastructure.  All fixtures and fittings have been produced by master craftspeople at the apex of their professions. A state-of-the-art kitchen by Bulthaup and Gaggenau creates a most elegant cooking environment, whilst the bathrooms and sanitary ware throughout are by Boffi, Agape and Vola.

Wimbledon, London, 5 bedrooms

A most impressive and appealing detached family house with a gated driveway and spacious open-plan reception areas, which has been refurbished, improved, and lovingly maintained by the current owner. The property combines a traditional character exterior with a modern interior, with luxurious bathrooms, a modern contemporary kitchen and natural stone floors throughout the ground floor. There are bi-fold doors that lead from the living area to the mainly lawned garden, which is ideal for entertaining, has a paved seating area and is surrounded by mature hedge plants.

Camden, London, 3 bedrooms

An elegant, three-bedroom period house, tucked away in a tranquil setting, in the heart of Camden. This two-storey Victorian terraced house encompasses a vibrant yet cosy feeling, ideal for entertaining or working from home. The centrepiece of this fine property is its lovely ground floor, featuring a spacious open-plan double reception room leading directly onto the kitchen/dining room, in turn to a well-maintained garden. The first floor features the master bedroom, two further bedrooms and a three-piece modern bathroom suite.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

What Our
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I would highly recommend Hardings. Their knowledge of the local area is outstanding, and they give honest and reliable advice. They have always been my partner of choice when buying and selling.

Rhiannon Prothero

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Have used Hardings for many year on both personal and commercial property deals. Have always found them to be transparent, honest, authentic, and a pleasure to work with. Will continue to use in the future.

TB

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I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

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Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

"

I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

"

Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

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We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

Natalie Quint

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I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

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We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

"

What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

C D

"

Fantastic customer service and made what could have been stressful a total breeze. Dominic and Louisa were brilliant in helping me and my parents buy and sell our houses - reliable, helpful and thoughtful. Thank you!

Eloise Harris

"

Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

Anna Bowen
How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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