The October Property Market Update is here.

This month I’m joined by Steve Brown, General Manager of Winkworth Blackheath & Greenwich, for an in-depth look at what is really happening in the property market right now.

There is understandably a huge amount of uncertainty around property at the moment. We have mortgage rates, the forthcoming Budget, wider economic pressures and continued global uncertainty all influencing confidence.

But the property market hasn’t stopped.
In this update, Steve and I look beyond the headlines and discuss what we are actually seeing on the ground every day across Blackheath, Greenwich and the surrounding areas.

We discuss:
Are buyers still actively looking?
Why are stock levels at a 12-year high?
Are property prices actually falling?
Why are well-presented family homes still selling?
Why has getting the asking price right become so important?
What is happening in the £1 million-plus market?
Why have fixed mortgage rates increased even though the Bank Rate hasn’t changed?
What are swap rates and why do they matter?
Should buyers wait for mortgage rates to fall?
Should sellers wait until spring?
What could the October Budget mean for buyers and sellers?
Why choosing the right estate agent matters more in a tougher market.

We also move across to the lettings market and discuss the impact of the Renters’ Rights Act, tenant demand, landlord compliance, changes surrounding notice periods and the new landlord database.

There are still opportunities in this market for buyers, sellers and landlords — but having the right information, getting the pricing right and taking good professional advice has become more important than ever.

If you’re thinking about buying, selling, letting or renting in Blackheath, Greenwich or the surrounding areas, please get in touch with us.

Winkworth Blackheath
+44 (0) 20 8852 0999
blackheath@winkworth.co.uk

Winkworth Greenwich
+44 (0) 20 3053 3033
greenwich@winkworth.co.uk

Follow me @markrepps across Instagram, TikTok, Facebook and YouTube.

Chapters:
00:00 October Property Market Update
01:16 Are buyers still active in Blackheath & Greenwich?
03:10 How resilient is the property market?
03:49 Are property prices actually falling?
05:50 What could trigger a market rebound?
06:57 Is there ever a right time to buy?
11:35 Mortgage rates, Bank Rate & swap rates
16:04 The £1 million-plus property market
17:44 Why getting the asking price right matters
20:20 Should buyers and sellers wait for the Budget?
22:27 Should you wait until spring to move?
25:07 Does your choice of estate agent really matter?
28:01 What makes Winkworth Blackheath & Greenwich different?
31:19 Renters’ Rights Act & the lettings market
34:14 What landlords need to know now
37:29 The new landlord database
38:10 Advice for sellers, buyers & landlords
40:12 Final thoughts & market advice

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