Simon Barnes: predictions for the UK market in 2015

I am often surprised at just how little attention vendors pay to the advice of their agent. Their expert advice is particularly important at this time of year: if a house is unsold by Christmas, it is unlikely that it will sell by March.

In central London I have not seen any significant change in the market since the summer. Prices at the top end may have reduced slightly, but this is largely because many properties were overvalued earlier in the year. There is still a lot of activity at the top end in the London property market with people still buying. Those people who are citing the uncertainty of next year’s general election and possible mansion tax as reasons not to buy would, in all likelihood, will not be buying at the present time anyway.

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