Amidst an ever-changing marketplace, knowing what your property is worth is incredibly valuable. Without knowing your property's true value and all the variables to be considered how can you make an informed financially sound decision?
The swing in prices year on year across London has varied by as much as +13% and -15%. Making informed decisions about what to do with your investment, whether its one property or an entire portfolio is heavily impacted by what is happening around you.
No matter how fantastic a property is, if the area is going in the other direction, the price is likely to go with it. Transversely, if an area is on the up and has a lot going for it, now might be the time to hang on and enjoy a rise in value.
There is much more to value than just square feet and a lot more than the price paid for a property. The most significant overlooked impact on value is; change.
- Change in the area - new shops, restaurants, entertainment and other elements that bring improvements.
- Change in the infrastructure - new roads, new transport links, cycle lanes, upgraded technology (yes there are still areas without high-speed internet service)
- Change in the stock type of a neighbourhood - when an area sees significant renovation, rebuilding or new construction the type of stock can have a significant impact on value.
Now is an ideal time to asses, reflect and evaluate what to do with your investments so a decision can be made before the annual increase in market activity that comes in September.
When last did you get a detailed report on how much your property could sell for? We offer an independent market value assessment for London properties. Contact us to see how we can help you.
Don't leave your properties value to chance, value your value and ensure you know where you stand.