The property market in central London has been anything but straightforward recently with numerous twists and turns that have been fuelled in the most part by politics and economic speculation. After an exceptional start, our initial optimism for the year ahead felt justified with great momentum in both our sales and lettings as we headed towards the Spring market.
However, experience suggests there should always be caution in navigating the Prime Central London property market through an election year but, with the result seemingly a foregone conclusion, there was a simmering confidence that a fresh approach from a new government would bring about renewed energy, enthusiasm, and stability. Having been spared a drawn-out election campaign, attention quickly turned to what policies would be implemented and what impact we would see on our housing market.
Following what seemed like an eternity waiting for the Autumn statement, there was no surprise to see the level of taxation increasing, with our natural client base the most likely to be targeted. However, with the only direct impact for our sector being the 2% increase in the SDLT surcharge for additional homes, we remain hopeful that the removal of uncertainty will bring the injection of stability our market so craves, and which enables momentum to build.
For Tedworth Property, we have had another tremendous year of growth, with increasing diversity in the price levels of the sales and lettings being agreed. From small studio apartments in South Kensington to sensational white stucco fronted freehold homes in Belgravia; we have expanded our reach through success in Westminster and Pimlico to the east, and Fulham, Earls Court, and Kensington in the west.
The depth of knowledge and the breadth of experience in our team has allowed us to flourish in each of these postcodes allowing us to accommodate the change the market has seen in the transience of buyers; no longer is it effective for agents to be geographically constrained as the requirements and demands of buyers has become so diverse that the flexibility and dexterity with which an agent can cross postcodes has become invaluable. These are conditions that have been ideal for the Tedworth team to flourish.
Looking ahead, it is clear that the vast majority of potential sellers are as discretionary in their need to sell as prospective buyers are in their need to buy. Increased taxes will only serve to make buyers even more discerning in the decisions they make and so vendors seeking a sale will continue to be best advised to be empathetic and pragmatic to who their best buyer may be.
Our ambition for the year ahead is to show how tenacity and experience will be key to achieving success for our clients, and we are excited for opportunities we will nurture to continue the growth of our brand. We are thrilled to be expanding our lettings team and look forward to delivering to that market the culture and ethos that is so valued by our clients and is being increasingly sought out.
We are taking pride in finding ourselves being referred to as ‘the genuine alternative’ agency in our market, and unquestionably we will continue in our endeavour to be stronger and more successful still for our clients in 2025.
All current properties For Sale and To Let with Tedworth
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