guy gittins

Is the London property market finally reviving? So says two leading estate agents

Thirty-eight branch London estate agency Chestertons says new buyer registration at its offices increased by 30% during the first six months of the year, signaling a much hoped-for revival in the capital’s sales market including a 1% increase in its sales pipeline. The company also says the number of viewings increased by 15%, agreed sales grew by 19% year-on-year and that its January sales figures were the best for four years. Chestertons, which split from troubled agency Humberts in 2014, says it believes the surge in activity has been created by buyers who have ‘flooded’ back believing the market has corrected itself. “Activity over the last six months has shown a marked improvement compared to the same period last year, giving us an optimistic view for the rest of the year,” says Managing Director Guy Gittins (pictured). “The surge in buyer registrations at the start of the year and an uplift in viewings has converted into a considerable increase in agreed sales. “However, with many of these deals not yet completed due to longer conveyancing periods, the results of the early-year boost will be felt over the autumn period.” Property market The company also says the Prime Central Market is…