October Results | 08.11.07

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October proved to be a mixed month with a strong start and a strong finish to the month. There is an air of caution in the market due to the credit crunch but SE17 is proving to be holding strong with plenty of people looking to buy and invest in the area, probably due to the huge investment and regeneration going on in London’s last affordable central location.

Average price achieved relative to asking price for October was 96%, this compared to 94% in September which shows a surprising increase of just over 2%. Our view is it is a fair reflection on the market holding its own at the moment, despite negative reports in the press, our results would suggest the market is in a stable condition.

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 October we achieved 97.8% of our asking prices for rentals. This was up by a fraction from September, outlining the fact we’ve had some fantastically consistent results in the past 3 months.

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 :

54.7% of our enquiries converted to a viewing and 23% of these viewings resulted in a sale or let.