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A busy summer sales market in Balham

A busy summer sales market in Balham

The team at Marsh & Parsons Balham bring us up to date with the latest news from the local Sales market.

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“The spring sales market has seen some incredibly strong results, and we anticipate it will only become busier over the upcoming months. With exceptional buyer demand across the Marsh & Parsons office network and historically low borrowing costs, sales are continuing to be agreed at an unprecedented rate.

It is no surprise that what people are prioritising in their living environment now has changed. Many companies are embracing flexible working permanently, and space outside has become important to many. People need a home that reflects their changed priorities, which is fuelling an increase in customers looking to move, further encouraged by the recent easing of lockdown restrictions. We anticipate this trend will continue as Londoners’ lives adapt to the ‘new normal’.

 

This four-bedroom house on Dagnan Road recently sold at a record price for the street.

These buyers are very motivated to proceed quickly with a purchase, thanks to the excellent mortgage deals available along with ongoing stamp duty savings until the end of September. This influx in demand and urgency is creating fantastic conditions for those looking to sell.

Lewin Craig-Corbett, Sales Manager at Marsh & Parsons Balham, explains that “buyers and sellers are rushing to complete their transactions before the end of the Stamp Duty Holiday, which has led to June being our busiest month for 18 months for exchanges.”

“Demand is outstripping supply at the moment. In particular, houses in the £1.3 to £1.5 million price bracket and two-bedroom ground floor garden flats are proving to be very popular and are achieving great results.”

 

This five-bedroom house on Culverden Road sold at asking price within one week.

“One recent success story demonstrating this is a four-bedroom house on Dagnan Road which sold at a record price for the street. Another property on Culverden Road, which had five bedrooms, sold within one week at the full asking price. This was such a brilliant result for the vendor who was delighted.”

With the further easing of restrictions on the horizon and the need to act quickly to benefit from the stamp duty savings, we anticipate that the upcoming months will be busier than ever. Consequently, we are encouraging anyone considering selling to come to the market now to benefit from these favourable conditions.

To speak to Lewin Craig-Corbett about the sales market in Balham, please contact the office on 020 8673 4377 or visit the Marsh & Parsons website here.”

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