The property market in Clapham has been far busier than expected in the fact of recent political events. We’re seeing high stock levels, and betters still, many deals have been agreed at asking price. Applicant levels have increased drastically over the past month, up by a similar percentage as lettings. The buyers we’re speaking with are fed up of the UK’s politics and Brexit discussions and just want to get on the property ladder while mortgages are cheap and prices are stable.
The lettings market is strong in Clapham, with most landlords receiving the same rent as the year before, if not a little more than last time round. The applicant numbers swelled this week by around 25%, which means we’re starting to see the first signifiers of the renowned busy summer market. This usually results in applicants offering more quickly and with more urgency.
What’s going on in the area?
•SW4 festival is coming on Clapham common, heavy drum and bass and house vibes.
•We have Richard Ashcroft at Brixton Academy as well as Jimmy Carr doing his live stand up tour.
•The Abbeville Fete is taking place on the 24th June – street BBQ, fancy dress parade a dog pageant to boot!!
•Let’s rock London is also taking place this summer, which is another Clapham common festival for the metal rocker crew.
•Balans Soho Society has replaced Honky Tonks in Clapham.
Luke & Andy - Clapham Sales & Lettings Managers - Summer 2017