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AN INTRODUCTION TO WEST & SOUTH WEST LONDON “


Phillip Stevens Regional Sales Director


Olivia Pegrum Regional Lettings Director


MARKET INSIGHT


West and South West London has always been popular, and areas like Barnes, Chiswick, Wimbledon and Clapham appeal to many types of buyers and renters.


Prices increased by 4% in the last 12 months and are now 53% higher than at the pre-financial crisis peak. Time to sell is rising in the region, reflecting the higher prices, and the ratio of asking prices to achieved also suggests that affordability is beginning to affect demand. However, the connections and enduring popularity of homes in this region means the market remains robust.


Higher property prices and the desirability of the area are supportive to the rental market. Rents increased by 3% in the last 12 months, and although the asking to achieved rent has also increased, there is still room for greater supply.


Our area encapsulates ‘the best of both worlds’, with fantastic schools, open spaces and a relaxed family atmosphere. As a result, we sell and let many family homes, and often find that once resident in the area, people decide to stay.


We see many people moving up and down the property ladder, from their first flat to a large house, and often downsizing again in retirement. Furthermore, there is a high demand for second homes abroad, often in France or Spain. Fortunately, with nearly 100,000 international listings, we are able to help with this, too. We also attract our fair share of international buyers, with a German school in Ham, a Swedish school in Barnes and an American school further south in Cobham, Surrey.


Te lettings market provides a full range of tenant profiles, all seeking to settle in an area that offers accommodation at a fraction of the cost of prime Central London. Tis year we’ve also seen a significant shift in corporate activity, as blue-chip companies recognise that South West London provides excellent value for money.


” EALING CHISWICK


EAST SHEEN BARNES


RICHMOND FULHAM


BATTERSEA & WANDSWORTH


PUTNEY


EARLSFIELD & SOUTHFIELDS


TEDDINGTON WIMBLEDON KINGSTON & SURBITON


BALHAM CLAPHAM


View of the River Tames from Richmond Hill


39


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