The Guardian reported that the Centre for Economics and Business Research predicted a price fall of 13%, while estate agent Savills are looking at 5%, Garrington Property Finders forecasts 10% nationally and 15% in some areas, and a third of valuation surveyors are placing their bets at 4% or less.
London has always been a special case in terms of the property market, however, and estate agent Finlay Brewer, which specialises in prime west London property, finalised seven exchanges during the lockdown period at a total of £7.4 million.
This bodes well for the coming weeks and months as restrictions begin to relax and viewings can once again take place following the latest government guidelines, especially given a flurry of activity following The Prime Minister’s speech on the first May bank holiday weekend – early signs of confidence returning to the market.
Royal Wharf E16
Nice river view with swimming pool. This project provides 3,385 homes include townhouses and apartments. With only 12 minutes travel time to Canary Wharf.