London barometer
EXECUTIVE DIRECTOR, DOUGLAS & GORDON
VENDORS may still be hungry to cash in on the London market but indecisiveness about whether or not to sell is still proving a stubborn obstacle. Could 2014 be the year that homeowners decide to sell and the sales market experiences a resurgence in stock? Our January figures certainly support this scenario as there is a 20 per cent increase in the number of valuations taking place compared to this time last year. But transaction times are increasing again and, as property prices continue to rise rapidly, some vendors are – quite rightly – questioning whether they’re selling their property for less than they should be.