Autumn 2020 market news

At Waterview, there is a strong demand from buyers and tenants who are highly motivated to find a property on the river or one of London’s many waterways before the end of the year.

‘In recent months, there has been a noticeable movement of people who are successfully working from home and no longer need to be within a commuting distance to the office,’ says Soren Ravaux, Sales Director of Waterview. ‘Many individuals are choosing to focus on the quality of life which is what living by the river is all about. The sales team have noticed the buyers out searching for their next home are serious about making their move and so the ratio of viewings to offers is the best we have ever seen. There’s a strong demand from buyers who will jump in where they see good value, location or both. We are advising our clients to sell now as we’re achieving record prices and securing great results. For example we recently sold a house in Sunbury before our photographer visited and the details went online. We generated 13 viewings within the first week and sold it at the full asking price.’

‘With outside space and an area to work comfortably from home being an increasing requirement, many tenants are upsizing to properties with a balcony or direct river views,’ says Lydia Beesley, Lettings Director at Waterview. ‘Properties that are well presented and priced correctly are being let incredibly quickly and Landlords are listening to our advice to ensure minimal void periods. In these uncertain times, both Landlords and tenants are after stability when it comes to their homes and properties which is resulting in more committed applicants and longer tenancies. For example we let a penthouse apartment in Canary Wharf, with direct river views, in the middle of the spring lockdown to Corporate tenants on a long term tenancy after the property had been on with multiple agents previously. Most of our tenants are couples and city workers and this hasn’t changed in recent months. Many professionals are either moving into or staying in the area as they anticipate returning to the office and prefer to be local.’

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 free market appraisal.

Quick Search