Tuesday, October 14, 2008

London Property market - Still Turnover in Notting Hill

Despite the unprecedented financial turmoil of the last week our Notting Hill sales team agreed four flats for sale in Notting Hill in the last five days - with a further three still under offer.

Branch manager, Mark Somerville, attributes the success in securing these sales to realistic and honest pricing. Vendors, it seems, are increasingly receptive to pricing their properties to sell in Notting Hill and its environs, as opposed to sitting and waiting for the "right" buyer.

It's too early to call, but it seems that a 10-15% price correction is enough to stimulate strong interest amongst buyers, perhaps a portent of more flats and houses being sold over the next few months.


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