If you’ve been saving money for a deposit to put down on your own home, but have been undecided about whether now is the right time to be jumping into the property market, you are likely looking for some guidance.
London’s market, in particular, is often in the headlines due to high property prices, so is now a good time to be house (or flat) hunting in the capital?
Regional partner at Knight Frank Andrew Groocock thinks that you should certainly start looking now. Speaking to Homes & Property, he said: “We are currently in a very balanced market, the likes of which we haven’t seen for years.”
He explained that, because many people are making big life decisions at the moment, there is a “healthy level of stock available” in London property markets. For buyers, this is advantageous because it means there is less competition and therefore that you don’t need to feel pressured to make snap decisions about whether to put an offer in on a property.
“There are plenty of options for you to view and compare before deciding which one is right for you,” Mr Groocock added.
However, the news provider noted that you shouldn’t rush to buy property if you don’t feel ready to do so yet.
Hackney is a great place to look for a home, with a variety of properties available, from Georgian and Victorian houses to Art Deco-style flats and plenty of modernist buildings too.
Get in touch with our knowledgeable Hackney estate agents to get your property search off the ground.