Here at Grace Miller, we’ve got more combined years working in the New Malden property market than some of us might care to admit! Of the many great benefits to having so much experience, probably the most important is having seen all the markets ups and downs. This experience puts us in a better position to advise our clients on the best time to make their move.
Back in 2000, the market saw an almost unbroken run of growth in both house prices and sales volumes. For the eight subsequent years, prices rose by an average of 12.4 percent per year, and by the end had lifted the price of the average home by £175,000. That was only part of the story. While in 2000 5.1 per cent of all homes in New Malden changed hands, in 2007 it was 5.6 per cent.
As we all know, the credit crunch brought things to a sudden stop. A new market cycle began which saw more subdued levels of market activity. It is this cycle which is now coming to a halt and causing some houses to take longer to sell than they would have last year or the year before.
The end of the market cycle is often the perfect time to make your move. Journalists often rely on data which is at least three months out of date. The reality on the ground, as described by the multitude of buyers and sellers we speak to every month shows that things are finally starting to pick up in New Malden. There are opportunities left, right and centre. If you’d like to make your next move with us, we’ll tell you all about them.
If you would like some free advice about the buying or selling a home in New Malden, contact us today.
