Regional Property Market Outperforming Central London
According to the latest report from property consultants Strutt & Parker, regional property prices are showing steady growth – while the London market remains static.
For 2018, overall property price growth is expected to hit 2.5% regionally, while the London market is expected to see anything between a 5% decline and no growth at all. Moving into 2019, the regional property market is still expected to do better than London at 2.5% growth, compared to the forecast for London of 2%.
Guy Robinson of Strutt & Parker commented, ‘Buyers are no longer using the uncertain political climate as a reason to sit on their hands and those who need to make a move are serious about selling which is keeping the market in motion.’
The report also shows that sales across the country are encouraging, compared to last year, and that the number of viewings and buyers is gradually increasing, outperforming 2017 numbers.
Jamie Smart, Director of smarthomes added, ‘The market is definitely strong, and we’re as busy as ever doing viewings, negotiating prices and selling properties. We have a great range of properties on our website, all priced competitively from motivated sellers – and that’s what keeps the market moving.’
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