October 2024 Market Comment

With eyes looking ahead to the first Labour budget on the 30th of October the prime central London property market may have had yet another excuse for a stagnant period. However quite on the contrary, Landstones sales team and Landstones lettings team have seen a very busy period across both sectors. The lettings market is still experiencing a period of extremely high demand with many tenants looking for one and two bedroom properties to rent in Notting Hill and Kensington. The continued lack of available stock is driving prices across all levels of the market. Landstones lettings team are also registering very high numbers of applicants from families looking for large family homes to rent on West London. Many of these larger moves in the lettings market are being driven by the school terms and families looking to move into the desired catchment area. Homes in Notting Hill with access to communal garden squares such as Ladboke Gardens and Ladbroke Square continue to command premium prices from eager families.

 

The Landstones sales team have also been extremely busy across all levels of the market. First and second time buyers have been very busy looking for apartments to buy in West London in order to take advantage of the decreasing interest rates and secure the best mortgage products currently available. The sales team have also just completed on two large trophy communal garden houses in Notting Hill going to overseas buyers relocating to London in order to educate their children in London.

 

As an independent estate agent in West London, Landstones are well positioned to guide you through the busy London property market. If you are looking to buy a home in London or rent an apartment or simply looking for more information about the many new build apartments in West London, please get in touch our friendly team who will be delighted to help.

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