Published: 05/05/2021The residential sales market is very strong, with huge demand particularly for houses and maisonettes with gardens and outside space. There has also been an increase in international buyers, particularly in Wimbledon and Raynes Park.
This large demand outstrips supply and certain properties have seen multiple offers and excellent sale prices.
Low interest rates, stamp duty holidays, a desire to move out of the City (Merton is one of London's greenest boroughs) and the high uptake in vaccinations against Covid-19, these are the major reasons for this surge in demand.
We feel that this market will continue throughout the year, as the economy recovers and first time buyers have easier access to 95% mortgages. If you are thinking of selling contact us for an up to date expert valuation and benefit from our award winning service.