As February draws to a close, the London housing market gives us a glimpse into the trends we might expect for the rest of the year. Notably, the influx of properties surged by 6% compared to 2023, coupled with a 12% increase in the rate of sales agreed. This indicates a robust improvement in market conditions and signals a promising outlook for buyers and sellers alike.
Key Metrics for The Whole Property Market in Chiswick
versus last week versus 4 week ave
New properties to market Down 3% Up 105%
Properties sold subject to contract Up 189% Up 105%
Properties reducing their asking price Up 283% Up 115%
Whilst market conditions present very positively, we still have the spring statement and a General Election to contend with, both of which are likely to impact the economy and housing market.