(Our Hertfordshire office in Brookmans Park)
Market Update – November 2024
By Nick Staton – Owner Statons Estate Agents
Buoyant Winter Property Market Predicted
With the Budget uncertainty now behind us and mortgage interest rates reducing, there is a buzz of activity in the local North London property market at a time when we are traditionally on the run down to Christmas.
Across our offices, from our London Office in Totteridge and Barnet to Hadley Wood and our Hertfordshire office in Brookmans Park, we have seen buyer enquiry levels increase, releasing the pent-up demand caused by pre-budget nervousness.
The relatively low impact of the budget on the property market and the Bank of England’s Monetary Policy Committee’s recent interest rate cut from 5% to 4.75%, does seem to have given the green light to both local buyers and sellers looking to make a move.
This is welcome news for house hunters who now feel more motivated to resume their search. Many market commentators are predicting the boost in buyer confidence will result in the property market being busier than expected for this time of year.
With more positive news from the Bank of England’s recent Money and Credit Report, confirming that net mortgage lending increased by 0.9% in September, up on the 0.7% in August, compounded by the proposed changes to Stamp Duty thresholds from next April, it’s highly likely we could see the current buoyant activity in the market continue across the winter months.
Featured Home by Statons
Elstree, Hertfordshire – Price Guide – £7,950,000
Recently Sold by Statons –
Beech Hill, Hadley Wood, Hertfordshire – OFF MARKET SALE – Price Guide – £6,250,000 – SOLD
Time to make that call. Don’t just really on online-only searches… Call us today.
To see more of our recently sold properties, see more ‘Recently Sold Properties’.
Statons Update – From Cottages to Country Estates
We are pleased to announce the merger of our Radlett office with our London Totteridge office. This strategic merger brings together our more locally focused Radlett team with our bigger more specialist London, Totteridge team who focus on the all markets including Prime for both sales and lettings, and have achieved great success selling property from across a wide area to our international buyers. We have already seen success in this merger strategy with a property in Radlett going under offer in recent days.
Our Prime team in Totteridge, being headed by Nick Staton and Paul Brown, understands the requirements of international buyers are not necessarily limited to an area but more so the type and style of property, as well as good schooling, shopping, transport links, very close to Central London etc.
Radlett of course has a strong local following and many local homeowners know the area and only want to live in the Radlett area, so our Radlett team are perfectly placed to help.
Although with a growing Prime market in Radlett, these very individual properties are also of interest to international buyers, hence the merger and Radlett gets the best of both worlds.
When we come to visit you, ask to see our international buyer statistics – where our brand has become so much stronger internationally due to the internet. We generally attract interest from buyers in over 200 countries around the world every month.
New Homes Update
Our New Homes Partner Lawrence Henry represents some of the very best and most prestigious new homes developments across North London and Hertfordshire.
Some of the current highlights are –
Lightfield, Barnet – Prices from £395,000 – £695,000
Skylark Meadows, Kentish Lane – Prices from £1,500,000
Recently listed
We have listed some fabulous homes this month. Below are a selection of homes recently listed for sale from across our offices –
Opulent Residence For Sale in Broad Walk, London – £6,750,000
Detached House For Sale in Hadley Wood – £3,400,000
Substantial New Home For Sale in Woodside, Hertfordshire – £3,950,000
Brand New Detached House For Sale in Cuffley – £2,800,000
To see the latest homes coming to the market, click ‘New to market homes’, this lists all of the very latest homes as they come to the market.
Considering a move?
If you are thinking of buying, selling or letting a property, we are happy to offer specific advice and help you plan for your next move.
Please don’t hesitate to call me for any help or advice.
Thank you for reading
Nick Statons – Owner Statons Estate Agents
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