Autumn 2019 market news

Strong demand is continuing from buyers and tenants alike who are highly motivated to secure a property on the river and enjoy an idyllic London lifestyle. During the year visits to the Waterview website has grown by 1,000 visits each month, showing the appetite for riverside property is as strong as ever.

‘As London’s largest riverside agent, we are achieving some fantastic results for our sellers,’ says Soren Ravaux, Sales Director at Waterview. ‘We know buyers are looking for an escape from the stresses of modern life, and the thought of relaxing living alongside the river always proves popular. Our summer was record-breaking and high demand is continuing as the daylight hours shorten. We recently agreed the sale of a property in Brentford Dock within its first week of marketing, much to our sellers delight. It had been on the market with another agent throughout the summer without success, but changing to our specialist waterside approach made all the difference. Living on London’s waterways remains an inviting prospect for buyers the world over. We recently showed a property to a buyer from Azerbaijan who flew in especially.’

Waterview’s lettings teams are also incredibly busy all along the Thames. ‘The number of tenants out looking is staggering,’ says Robert Scullion-Smith, Lettings Manager at Waterview Wapping, ‘this September was our busiest yet and we are receiving many more enquiries than this time last year. In fact, we currently have more tenants looking in the area than there are properties available and the best lettings are being secured very quickly. For example, we recently had a tenancy for a two-bedroom riverside property agreed within 24 hours of it becoming available. The vast majority of those we deal with are corporate tenants such as bankers, lawyers and traders, and we are seeing many more long term tenancies.’

Waterview has been successfully selling and letting property for over 25 years and has built up extensive knowledge about how the highly specialised river market operates. If you are thinking of selling or letting your riverside property, please get in touch with the experts at your local Waterview office to arrange a valuation.

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