Pre-Christmas discounts mean now is the time to buy a house in London
19 November 2021
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Now vendors are offering pre-Christmas discounts, and central London has never looked such good value.
“We are absolutely seeing a swathe of price reductions now. It’s a last-ditch attempt by selling agents and vendors to secure a purchaser and exchange contracts by Christmas. As we know, after Christmas is a bit of a lull and the market doesn’t really tend to get going until after February half-term,” says Ashley Wilsdon, head of London buying for Middleton Advisors.
Rightmove reported this week that asking prices across the country had dropped by £2,044 (0.6 per cent) in the past month and by £2,591 (o.4 per cent) in the capital. Tim Bannister, a director at the property portal, says: “Despite the soaring property market and consequent shortage of choice of homes for sale for prospective buyers, new sellers have given buyers an early Christmas present.”