17.06.13 Frenzy of activity in Fulham and Chiswick as buyers compete for property
17th June 2013
Frenzy of activity in Fulham and Chiswick as buyers compete for property
South West London estate agency, Haus Properties, is seeing a high demand for properties in the Fulham and Chiswick area with the majority (97%) going to sealed bids. The strongest demand is in the £400,000-£800,000 price bracket, where most properties are attracting approximately 12 bids.
Jamie Lester, Head of Haus Properties (www.hausproperties.co.uk), comments: “We are experiencing a demand for both flats and family houses, with the majority (97%) going to sealed bids and selling at asking price or above. Within 48 hours of a property being listed, we tend to see at least a dozen viewings arranged, and most properties are selling in less than a week.
“The particularly high demand for homes within the £400,000-£800,000 price bracket can be mainly attributed to first time buyers who are now confident in the market, investors who want to enjoy good capital gains and strong rental yields (at approx 4-6%), as well as Trust funds looking to secure property in the local market.
“We’ve also seen a notable increase in wealthy Chinese and Russian buyers in Fulham, seeing it as an alternative to Kensington and Chelsea – they realise that the amenities and transport links are equally as good, so deem it a better investment. These buyers tend to be looking for flats with two-three bedrooms at a price bracket of between £500,000-700,000.This will get them a flat of approx 850 sq ft, which would cost anything from £1.5-£3.5m in Prime Central London.”
Haus Properties is currently marketing a range of properties (for both sale and rent) in the Fulham area. For further information, please visit www.hausproperties.co.uk or call: 020 7751 0400.
Haus Properties (www.hausproperties.co.uk) is an award winning property agency set up by entrepreneur and former Apprentice finalist, Jamie Lester, in 2011 with the aim of turning traditional estate agency on its head. Haus prides itself on its open and honest service and innovative technology that gives vendors access to an online journal, meaning they can keep track of what is happening with their property at all times. There are currently offices in Fulham and Chiswick, and plans for further London offices in future. Haus Properties offers property for sale and rent, as well as a property management service for Landlords. It is fully regulated by the Office of Fair Trading and the Property Ombudsman.
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