September Results | 01.10.07

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September proved to be another strong month at London Living.com. Sales in the first two weeks were particularly strong but with the Northern Rock fiasco, the 3rd week of the month was affected by some caution in the market. This spilt over into the remainder of the month although a further sales were agreed in the final week.

Average price achieved relative to asking price for September was 94%, this compared to 98.25% in August shows a downturn of just over 4% which is probably a fair reflection given current situation. We would expect the market to strengthen next month as confidence returns.

Lettings
Our lettings results were very strong which is to be expected at this time of year. London Living.com were joint agents on many of these lets and consistently outperformed our competitors by a huge margin.

For September we achieved 97% of our asking prices for rentals. This was down by 2% from August, but September is one of the busiest months for lettings with more stock available than other months, therefore more choice available for tenants. This is likely to be the factor causing this to happen

Source of Enquiries

As per usual we also report on how good we are at what we do, converting enquiries to viewings and viewings to sales or lets :

63% of our enquiries converted to a viewing and 35% of these viewings resulted in a sale or let. This is quite remarkable for a company who is only trading in their second month.