Off Market London Properties
Dawes London had a busy and exciting first six months, with beautiful homes acquired for retained clients in Chelsea, Kensington, Notting Hill and Fulham. All but one of these were ‘off market’ properties. According to The Times a record 25% of London properties- sold in the first five months of 2022 - traded off market. This trend is set to continue as properties available for sale are slim pickings and competition is high. Having a buying agent has never been more valuable.
Market Update
Despite the cost of living crisis, Ukraine war and rising interest rates the Prime Central London is still buoyant, with the major agencies reporting new prospective buyer numbers at the third highest figure in a decade.
House sales have dominated the market over the past 18 months, driven predominately by domestic money and cheap debt, buyers have generally been seeking good outdoor space and quality local retail and amenities.
We are expecting much more interest from international buyers as travel from the East opens up, and a weak pound presents the discretionary buyer a compelling reason to invest. Astute global investors see Prime Central London property as a safe haven from volatile equity markets and rising inflation.
