Winkworth Announces Publication of Spring 2012 Knightsbridge, Chelsea and Belgravia Report
M Winkworth plc, the largest single estate agency brand in London, announces that Winkworth Knightsbridge, Notting Hill, Kensington and South Kensington have published their spring 2012 report on the market in Prime Central London.
- (1888PressRelease) July 20, 2012 - London, United Kingdom - The report comments on the impact of the March 2012 budget, and how it will affect buying a home at the top end of the UK housing market. Whilst the full impact on London's housing market remains to be seen, Winkworth have made note of some important points in their report.
Winkworth Knightsbridge, Chelsea and Belgravia report that overseas buyers are sustaining the market in the area. City job losses, reductions in bonus payouts and the lack of mortgage finance are all having a negative impact on the demand for property.
Winkworth Kensington reports a strong start to 2012, with increasing levels of instructions and buyer registrations. However, there is an acute shortage of good properties; houses, in particular.
Winkworth Notting Hill is seeing little change in activity since the stamp duty announcements on the 21st of March. There has been a consistent demand for property and an increase in instructions, with prices at 44% higher than the average achieved in 2009.
Winkworth South Kensington, like many other areas, are reporting that overseas buyers are keeping the market buoyant in their area.
The report also comments on how the market has changed during the last 60 years of the Queen's reign in Prime Central London.
A spokesperson for Winkworth commented: "The spring report will help those looking to purchase property in these areas come to a more informed decision, particularly regarding the best locations to invest. We offer anyone seeking advice with property purchasing in Central London the opportunity to contact us to gain more advice on an individual basis."
To read a copy of the full report, please visit http://cfiles.winkworth.co.uk/market-insight/Knightsbridge_Summer2012.pdf.
To find out more about Winkworth, please visit www.winkworth.co.uk.
About Winkworth:
Winkworth is a leading franchisor of residential real estate agencies and is admitted to trading on the AIM Market of the London Stock Exchange.
Established in Mayfair in 1835, Winkworth has a pre-eminent position in the mid to upper segments of the central London residential sales and lettings markets. Winkworth has in excess of 90 offices, with 60 in London alone.
The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a well-respected brand name and to benefit from the support and promotion that Winkworth offers. Franchisees deliver in depth local knowledge and a highly personalised service to their clients.
Contact:
M Winkworth Plc
Georgia Grey
11 Berkeley Street
London, UK
W1J 8DS
Tel: 020 7355 0220
Email: ggrey ( @ ) winkworth dot com
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