The summer holidays are over, a new school term has started and Fresher’s Week has just been and gone, so it’s a good time to think about the lessons we are learning from the residential sales and lettings market.
In the last two weeks since the schools and universities have reopened, in Greater London we have identified some interesting general sales and lettings trends.
New sales instructions from the 4th to the 18th September have increased steadily week on week. Week commencing the 4th September saw a 15% increase, in the following week a 44% increase, and in the week commencing the 18th September we identified a 3% increase in new instructions.
New lettings instructions across the same period also increased, with a 31% increase in the week commencing 18th September.
We will be keeping an eye on the property market to see how the residential markets are responding now summer is over and autumn is upon us.
September is usually an active month in the property market’s calendar, and judging by our statistics so far, this year will be no different.
At LDG we expect the number of enquiries from students to fall significantly in Bloomsbury and Fitzrovia in particular, and we’ll be focusing on our professional and corporate tenants.
For more information on this or West End property, get in touch with the LDG team.