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Apr 11
Property Market Report – NW3 – April 2021
Here is our local property market report for home owners, landlords, buyers and tenants in Hampstead, Belsize Park and Swiss Cottage in North West London NW3. Vendors are returning to the market. Will buyers follow?
MARKET ACTIVITY
Value change in the last 6 months: -1.07.%
Value change in the last 3 months: -0.85%
INVENTORY
How many properties currently for sale
The higher the inventory, the less negotiation power for home sellers. If the demand is low and the inventory is high, stagnant or decreasing selling prices are to be expected.
SELLING TIMES
AVERAGE ASKING PRICES
SALE TRANSACTIONS
The dramatic drop in January 2021 reflects buyers behaviour dating at least 3 months before, since conveyancing lasts in average 3 months.
VALUES AND SOLD PRICES
(3 months ago)
When selling prices exceed current values, this shows a solid demand from buyers.
CURRENT ASKING RENTS
Sources: Zoopla and Home.co.uk
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