When thinking about buying London property you need to be aware that the London market operates very differently and is far removed from the rest of the UK and buyers, if they haven’t done so already, need to react in an altogether different way. There’s absolutely no point in reading an article in the Daily Express saying house prices are no longer going up in London (PCL), the fact is THEY ARE, so no point trying to use this argument and attempt to negotiate prices down.
Anyone buying London property needs to be realistic both as far as their expectations for what they’re looking for go, but also on asking prices and value. Buyers looking now will either have been looking for a while, in which case they will already have a good idea of current values. [Read more…]