The year has started strong and it is positive news for homeowners in London with the price of a home averaging £500,000. Not necessarily good news for first time buyers, many of which are being priced out in this booming market.
The stamp duty holiday which provided a much need stimulus to the market is due to come to an end on March 31, and there is a great deal of speculation whether it will be extended.
Many people have started the year by looking for a new home following their experiences of lockdown in 2020 and with another lockdown upon us, the market is showing signs that even if the stamp duty holiday ends, that it will surpass the surge we experienced at the beginning of 2020.
Many estate agents, like David Astburys in Crouch End, have reported that the number of prospective buyers contacting them in the first 2 weeks of January was up by 10% from the previous year.
Rightmove also reported that between the 2nd and 12th January, sales agreed numbers were up by 9% on the comparable period last year.
George Sifonios, Managing Director at David Astburys Estate Agents in Crouch End said; “We’ve had a record-breaking month in terms of inquiries, the phones haven’t stopped ringing.
We have also taken on a few exciting new developments, which are in the first phase of completions, one of them being Clarendon N8. We already have a number of units under offer with tenants lined up to move in, so our clients are very happy.”
Clarendon N8 is a new development in the heart of North London, a 12-acre city village in Zone 3 which is being delivered by St. William. It is part of the Haringey heartlands regeneration. The development combines stunning residential apartments with bustling retail and community units to create a diverse new City Village. Clarendon also provides a central boulevard to help connect the sounding neighbourhoods of Wood Green, Hornsey and Alexandra Park.
Yianni Aresti, Lettings Director & Partner at David Astburys Estate Agents said; “If you are a buyer that is in the process of completing on a property at Clarendon N8 or have completed already, then please get in touch today, we have tenants who have registered their interest and are ready to move in.”
To find out more about Clarendon N8 or if you want expert property advice contact [email protected] or call the David Astburys team at the Crouch End office 020 3000 6787.