An Insight Into The Chiswick Property Market

With David Hill from Marsh and Parsons (Ad)

It is no secret that there is a shortage of homes available to buy across the Capital, and Chiswick remains no different. While 2021 itself was a bumper year, buyer demand is up by over 50%^[1] this year, and our office has seen a 75% increase in buyers looking for their new home, drawn in by the many charms of suburban living. With its picturesque scenery, riverside restaurants, acres of parkland and great transport links, Chiswick ticks all the boxes of buyers’ post pandemic criteria.

The problem – stock levels are 44%^[1] below the five-year average, meaning demand is far outstripping supply. How does this help you? Simply put, this means your property is put into the spotlight. Less competition in the market means more buyers will be looking at your property, increasing the chances of us achieving, or even exceeding, the asking price. In the past few weeks, we have received sealed bids on multiple properties, resulting in sales being agreed over the asking price.

Sellers may be in for a prosperous time, but we cannot predict how long this will last. Latest data^[1] shows signs of house price growth stabilising, and the arrival of the warmer seasons will no doubt bring more properties to market - a compounding effect that will narrow the supply and demand gap. Inflation and interest rate rises only add to the pressure buyers will face in the coming months, making it an ideal time for sellers who act now.

At Marsh and Parsons, we would advise staying ahead of the curve - lock in the value of your asset now and enjoy excellent rewards.

If you are considering selling your Chiswick property in 2022, or would like to find out more about how we can achieve the best possible price for your home, please call David on 020 8994 2556 or email dhill@marshandparsons.co.uk.

[1] Zoopla Research – data Thursday 3rd Feb ’22

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March 10, 2022