A 2012 Market Update from Chase Buchanan

chase buchanan logo

We ended 2011 with on a very successful note, having gained a proven 40% market share in TW1 and have had consistent growth across the Borough to Hampton Hill where we are now showing a 30% market share according to findaproperty.co.uk.

Despite the troubled world economy it appears that certain pockets of London and the southern counties remain buoyant and unaffected by the price depreciation elsewhere in the UK. The Richmond Borough is evidently in a league of its own.

We have had a fantastic start to 2012 and we have received a consistently high numbers of new buyers looking to move into the area. However, stock levels are still low in comparison to demand and are subsequently keeping prices strong.

We were instructed to sell more than double the amount of properties than any other agent in TW1 during January. Therefore, we have the best selection of fresh new buyers hoping to move within the next few months. We have agreed several sales following multiple bids and some sales have been agreed over asking price. This is a very promising start to 2012 and good news for local homeowners.

The demand for buy to let investments is expected to grow over the course of the year, as rental prices continue to grow and the returns are much higher than interest rates plus they offer the potential of capital growth as well. Chase Buchanan continue to provide the best advice and service possible across the London Borough of Richmond upon Thames.

To discuss in more detail please contact St Margarets: 020 87442434 or Twickenham 020 87440101.