Winter 2022 market news

Waterview has seen a buoyant start to 2022 with demand for a home by one of London’s many waterways remaining high.

‘It's been a fantastic start to the year, during the second week of January we agreed more sales than in the same period of any previous year,’ says Soren Ravaux at Waterview. ‘We are seeing buyers jumping in where they see good value, location or both. In other years sometimes buyers would wait to see what other properties were brought to the market but this year they’re acting quickly. The majority of our buyers are empty nesters who want to enjoy the idyllic slower pace of life the river offers. We are advising sellers to make sure their property and grounds are looking as smart and as well kept as possible to appeal to prospective buyers. It’s also important to get solicitors lined up to get the ball rolling. Our advice to buyers is to make sure you know what your budget is, try to be open minded and see as many properties as you can within your price range. We’re fully anticipating to surpass all records that were set last year as many continue to adapt and evaluate their lifestyles.’

‘We're experiencing very high demand from tenants as more people return to their offices which in turn has led to an increase in prices,' says Lydia Beesley at Waterview. ‘Compared to last year we believe rents have increased on average between 10-15%, now is a fantastic time to let your property so do get in touch if you are thinking of letting. Most of the tenants looking for property in Canary Wharf are single professionals or couples, often relocating from overseas with new job roles in the company’s London offices. To make your property stand out, our advice to landlords is to ensure it is presented in the best possible light for every viewing, first impressions really do matter. As for tenants, due to the competitive nature of the market, if you see a property you like, you should go for it. We’re seeing some tenants miss out on properties due to a delay in making their decision. With the UK reopening and less restrictions on arriving passengers, we expect a buoyant lettings market with prices nearing pre-pandemic levels. It’s a great time for landlords to bring their properties to the market or for investors to expand their portfolio.’

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 valuation.

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