Waterview has been successfully selling and letting property on London’s waterways for over 28 years. Riverside living is in high demand from buyers and tenants who want to secure their next home before the end of the year.
‘Over the last few weeks we have seen the return of overseas buyers to the London property market which has only increased the demand, as a result of this we are achieving great prices for our sellers,’ says Soren Ravaux at Waterview. ‘In the last couple of years, Covid-19 has only highlighted the importance of lifestyle alongside where and how people live, the two run parallel with each other. Previously our buyers were parents whose children had moved out and wanted to enjoy scenic views, however we’ve seen a shift in the types of buyers looking for properties by the river. These now include a younger demographic and families who want to focus on what living by the river has to offer. For example numerous opportunities such as paddle boarding, kayaking and other sports. We are encouraging sellers to come to the market as we are achieving impressive prices and at the same time are advising them to have an idea of the type of property they want to move to and a realistic price bracket so we can help facilitate the move. Our advice to buyers would be to avoid disappointment, be ready with finances in place and solicitors instructed, this could be the difference in securing your dream house or unfortunately missing out. We anticipate to end 2021 in a strong position with demand remaining high as buyers are focused on finding a property that suits their lifestyle, we don’t doubt a fantastic end to the year.’
‘The lettings market along the river has been busier than ever with market conditions constantly evolving,’ says Chris Ferguson at Waterview. ‘We are witnessing a return of overseas students and corporate relocations and as a result of this we are achieving record rents and stable long term tenancies which suit both landlord and tenants. Over the recent years we’ve seen tenant expectations rise in line with new build developments that offer plenty of onsite leisure facilities so competition remains high. Our demographic of tenants is made up of mostly young professionals particularly those with offices who are typically based in the City or Canary Wharf, who are attracted by the nearby transport links. There are also a high number of medical students with Kings College and Guys hospitals nearby aiming to secure long term tenancies while they study. We are advising landlords to invest a regular % of their rental income into the upkeep of their properties, this helps to attract the best tenants who are willing to pay the best prices. As the lettings market continues to move quickly, our advice to tenants is to start their search six to eight weeks before their move date and they need to be decisive and make quick decisions in order to secure a property. We expect the rest of the year to continue to be incredibly busy as London continues to open up. Our teams of riverside specialists will continue to work hard generating instructions to match the best possible tenants with the most suitable properties.’
If you are thinking of selling or letting your riverside property, please get in touch with the experts at your local Waterview office to arrange a free market appraisal.