Lulu Egerton, director of Lane Fox's London division, says,'Buyerscertainly have the money at the moment but they are mostcertainly shoppingaround.' The brisk business reported for thefirst three months of the yearhas not spilled over into the secondquarter and Lane Fox's report pointsout some remarkable statistics:a third and fourth floor maisonette inCheyne Place with a roofterrace overlooking Chelsea Physic Garden, had 102viewings beforeachieving the asking price of £1.175 million ($1,65 million). Athree bedroom housein Bywater Street is still on the market at£1.05 million ($1.48 million) after 96 viewings while asix bedroomfamily house in Neville Street, SW7, has just been placedunderoffer at £3.25 million ($4.94 million) after 59 viewings.

'There are some excellent houses and flats on the market,' saysEgerton,'but this high level of choice combined with indecisionbased on anxietyabout the state of the stock market, forthcomingbonuses and job securityhas certainly slowed down the rate ofsales.'

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.