With 2015 around the corner we asked some of our Sales and Lettings Managers to give their housing market predictions for 2015, including how the market will fare at the start of the year.

Grab a new home in the New Year

Grab a new home in the New Year

Sales

“I am looking forward to an active lower price range now that first time buyers have found a few extra pounds in their back pocket. The new Stamp Duty threshold will mean buyers at the mid to upper price ranges may have to think more carefully about where they invest. Sensibly priced property will be what sells in 2015, over-zealous price points will not sell property.”

James Neilson, Islington

“Historically the market is slower in January than other months, as people look to get back to work and children go back to school before embarking on a move. After the first couple of weeks, valuations pick up and properties start coming to the market. I believe that prices will remain stable in Hackney as we go into the New Year.”

Bradley Suter, Hackney

“I think that 2015 will see more property entering the Clerkenwell market, resulting in greater choice for buyers. This will mean vendors will have to be more realistic about the price they expect to achieve and price it competitively, to ensure it doesn’t stagnate on the market at too high a price. Most vendors in Clerkenwell I have met are waiting until the New Year to actively market their property.”

Brian Patterson, Clerkenwell

“A slightly weaker demand from potential buyers is bringing the demand for properties and the supply of houses for sale into ‘better balance’, but we still expect house prices to rise by around 5 per cent next year. Clapham and Wandsworth are two locations we would recommend if you’re looking for great capital growth and overall returns.”

Paul Whish, Battersea

Lettings

“The New Year traditionally kicks off with a bang in lettings. Corporate relocations are in full swing as job changes kick in and people who have been thinking of moving over Christmas start their search. These have a really positive effect on the market and a buzz of activity is usually felt at all levels of the rental market.”

Simon Karajian, Clerkenwell

“January always sees very high applicant registrations and new instructions where people tend to put their search off over the Christmas period. We’re already seeing properties come to the market with availability in January and February and savvy applicants know to start looking early in order to secure the best properties.”

Holly Goodge, Islington

“We will see demand pick up again in January after the Christmas lull, particularly from young professionals and families who love the schools in the area. There has been a shortage of one bedroom flats recently but I am confident that the New Year will bring more properties to the market.”

Joseph Earnshaw, Victoria Park