17 Jun

Property vendors told 'now is the time to act'

Property vendors told 'now is the time to act'

Those thinking of selling their homes have been told that "now is the time to do it", while buyers should apparently not leave it "too late" to get on the housing ladder.

That is the assessment of the current property market, according to the sales manager at one London estate agent.

Kinleigh Folkard & Hayward's Jenny Collett told the Financial Times Adviser that the market "is buzzing" in the Southfields area of the capital.

"Instructions, the number of buyers and the number of completed sales have all increased over the last month," she explained.

"I think that we are in for a good summer. The property market appears to be rallying."

Earlier this week, the Royal Institution of Chartered Surveyors released research that suggested the gap between property asking and selling prices was narrowing.

Ms Collett agreed, saying that offers are getting closer to the asking price all the time.

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