Market Comment – April 2018

April proved to be somewhat an unpredictable month. I predicted that it would be solid and steady, however we saw bursts of purchaser activity in the middle of the month and a real spike in new registrations for prospective tenants at the end of April.

By and large, the figures and amount of properties that went under offer and let throughout our group was what we expected but there were peaks and troths throughout the month. Where we did notice a significant increase was new homes enquiries, in particular new homes benefiting from the help to buy scheme. We were pleased to secure the last sale at River View Mews, having now successfully sold 100% of the development as the sole agents. April was a month of our land and new homes conducting a un-precedent number of new home presentations of which we have won 2 landmark major schemes which will be launching in the next couple of months. We have new homes schemes coming available in Crystal Palace, Central Croydon, Purley and Coulsdon and there is a strong appetite for new homes at the moment. The number of second hand houses that sold were pretty equal amongst 2 and 3 bedrooms and there was a healthy spike with people enquiring for 4 and 5 bedroom detached homes. The number of enquiries for 1 and 2 bedrooms in the apartments sector remained very equal in April.

I look forward to reporting back to you at the end of May as the evenings get lighter and the weather gets hotter. I am confident that May will be a good month both for sales and lettings.