Summer 2022 market news

Waterview has been successfully selling and letting property in London for over 28 years and have built up extensive knowledge about how the highly specialised river market operates. Our 27 offices along the River Thames are reporting there is strong demand from buyers and tenants keen to secure a property on one of London’s many waterways.

‘Demand from buyers has skyrocketed over recent months and currently outweighs the amount of available property,’ says Soren Ravaux at Waterview. ‘Previously our buyers were parents whose children had moved out and wanted to enjoy scenic views, however we’ve seen a shift in the types of buyers looking for properties by the river in recent years. These now include a younger demographic and families who want to focus on what living by the river has to offer such as paddle boarding or kayaking to name a few. Now is a great time to sell your property as demand for river living goes from strength to strength. We’re witnessing buyers jump in where they see good value, location or both. As a direct result of the competitiveness of the market, we are achieving offers at the asking price or in excess of. It’s important that buyers have done their research, know the areas of interest and have a realistic budget. Due to the high levels of buyers looking for a home by one of London’s many waterways, we are advising them to keep in touch with us as we often have properties available before they launch on our website and don’t want them to miss out.’

‘The lettings market along the river has been busier than ever with properties being successfully let before they launch on our website,’ says Will Fowler at Waterview. ‘In recent months we have been receiving more enquiries from corporate relocations, as a result of this we are achieving record prices, an increase on what we achieved pre lockdown. Most of the applicants looking for riverside properties through us are professional couples, families and retirees. For landlords, investing in your portfolio is crucial, we find the best kept properties attract good quality tenants who are looking to make the property a home and tend to stay longer. As the lettings market continues to move quickly, our advice to tenants is, make your offer as strong as possible in order to stand out from the crowd. As we start coming into the summer months, we anticipate a further increase in demand for rental properties and expect a busy summer ahead.’

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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