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London Property Market 20 November 2019

Inside Fulham Issue 3

The Fulham residential sales market has enjoyed a very active year. In the year to September, Chestertons recorded a 23% increase in newly registered buyers, a 37% increase in offers on properties and a 21% increase in exchanges compared to the same period in 2018.

"Our three Fulham offices have seen a huge uplift in activity over 2019, contradicting the belief that Brexit is having a negative impact on the property market. My advice to any would-be buyer or seller is that the activity we are experiencing at ‘shop floor level’, is more positive than expected!” - Josh Rault, Fulham Sales Manager.

The lettings market in Fulham has also been busy this year, especially since the summer. In the first nine months of the year, the number of newly registered tenants seeking accommodation recorded by Chestertons rose by 21% compared to 2018, while offers were up by 13%. The usual seasonal increase in demand was boosted by tenants who had waited until the introduction of the Tenant Fees Act in June.

“The lettings market between July and September was our busiest ever third quarter. October has continued in the same vein, with applicants searching for well-presented 1 and 2-bedroom flats. November and December 2018 was a particularly good period for the Fulham rental market and we expect this to be repeated this year.” - Graham Jennings, Fulham Lettings Manager.