The Homes & Property section of The Standard contains many articles about the real estate market in the Greater London area. As real estate expert Nick Millican shares, it also highlights residential property in the United Kingdom.
All of which makes for a good place to keep informed of the ever-changing market. A recent article discussed the average price for a home in London dropping during the month. According to Nick Millican, this is in keeping with renewed buyer interest. It also reflects the actions taken by sellers in order to move their property.
The average number of days to sell a home is now 78. Obviously any seller in a hurry to sell is going to have to lower their price. Of course, there are many homes that stay on the housing market well over the average. Nick Millican adds that the article also points out that sellers are bringing 15 per cent more properties for sale.
This reflects an improved market with more buyers. Sellers feel that they have a better chance of selling their homes than previously. There is no way to know if this fall in prices and increase in properties for sale will continue throughout 2024 (Greycoat).
However, a good strong January is cause for optimism. One person who is totally familiar with the Greater London real estate market is Nick Millican. He has vast experience in investments and asset management accumulated over a long period of time.
Although most of his work has been in the commercial area, he still has the ability to advise sellers on the best time to market their properties, especially if they are investments. Contact real estate agent Nick Millican for buying/selling property advice.