Forest Hill – One Of The Hottest London Markets
28th August 2020 posted in Sellers Buyers Landlords Tenants
At Hunters Forest Hill, you can rest assured we are keen to provide you with as much support and guidance regarding the Forest Hill housing market as we can. We are specialists in the local area, and we are pleased to say we have helped many vendors, buyers, landlords and tenants.
However, even though we know the local housing market inside out, we also look to see what other people are saying. We are delighted to see Forest Hill rank highly amongst the leading areas of London, especially in these trying times.
Forest Hill is in demand
PropCast, a company offering property forecasting tool, examined the desirability of an area, considering the proportion of properties on the market which are under offer or sold subject to contract.
Forest Hill, and the SE23 postcode, is in the top 10 postcodes, and one of only three inner London regions to feature in the top 10. With nine out of 10 of the capital’s market located in central or inner London, it appears as though Forest Hill is standing out from the crowd.
Gavin Brazg founded PropCast, and he said; “Since lockdown, there’s pent-up demand from buyers, which remains strong and hasn’t petered out yet. The majority of that demand is from first-time buyers, who are much more likely to be interested in the lower end of the market, which is why we’re seeing more buyer demand and activity in E17, SE4 and SE9 compared to the prime London buyer market in W1, N1C and so on, which is a completely different buyer profile.”
This shouldn’t be seen as a surprise. During the current situation, it is likely that people are evaluating their options more closely, and all significant purchases represent a greater risk at the moment.
As Gavin Brazg said; “Investor buyers and HNWIs with their finger on the pulse of global macroeconomics are probably thinking, crumbs, we’re looking into the eye of major global downturn — now is not the time to be investing in property.”
Looking to connect with buyers in Forest Hill
With demand for buyers bolstered by stamp duty cuts, there is a genuine opportunity for vendors to connect with likely buyers. If you own property in or around Forest Hill, and you are considering selling, the first step you should take is to arrange a valuation of your home.
We are pleased to offer a valuation service, allowing you to enter the housing market with confidence. With a realistic valuation of your property, you can plan your next move with greater confidence. You will also find it easier to connect with buyers who are looking for a home in Forest Hill.
At Hunters Forest Hill, we know selling property is challenging, but we are here to assist you in the process. If you aim to buy, sell, let your home or rent property, we are active in New Cross, Peckham, Dulwich and Brockley, in addition to Forest Hill, so get in touch with one of the top three agents in London, and we will be happy to assist you.