Appetite for riverside property continues to grow, as does the demand from buyers and tenants looking for their new home and the idyllic London lifestyle that goes with it. Waterview has been successfully selling and letting property for over 25 years and has built up extensive knowledge about how the river market operates.
‘As specialists in riverside property, we are achieving some fantastic results for our sellers, we recently sold a Victorian house on a river road in Teddington at an impressive price,’ says Soren Ravaux at Waterview. ‘We have excellent properties coming to the market and it’s hard to satisfy the demand from those wanting to live by the river. In recent weeks we’ve noticed an increase in overseas buyers moving to London while a healthy demand from domestic buyers still remains. To ensure a smooth sale, we’re advising sellers to instruct a solicitor that understands the queries that come with buying a property by the river and we can recommend some great firms. As for buyers, it’s important to get your finances in order and make funds readily available or have a mortgage in principle. We’re advising buyers to jump in where they see good value, location or both. We anticipate ending 2022 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.’
‘Rental properties up and down the river are extremely sought after, prices are at an all-time high with an influx of corporate tenants relocating to apartment blocks with views of the Thames,’ says Zhora Barreira at Waterview. ‘Demand is outstripping supply which in turn is driving prices up. Many want to live within close proximity to one of London’s waterways including single professionals or couples who are often relocating from overseas for a new job. We are advising landlords to invest in their portfolios, regular upgrades and refurbishments are essential for us to achieve the best possible price. Tenants are showing a stronger commitment to properties that are well looked after and this results in longer-term tenancies. Now is a great time for landlords to bring their properties to the market and for investors to expand their portfolios. Due to the competitiveness of the market, we’re strongly advising tenants to act quickly, as many applicants miss out on properties due to indecisiveness. We expect the rest of the year to be incredibly busy, our teams of riverside specialists will continue to work hard 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 valuation.