Property Price forecast 2014/15 Edmonton, North London

www.Gracechurch-Property.co.uk

Predicting the growth trends in North London house prices is often a very complicated exercise. The determining factors are often hugely affected by macroeconomic policy, for example the current interest rates, in addition to the dynamics of the specific local market, like demand and supply in the area.

A recent poll by The Royal Institute of Chartered Surveyors (RICS) asserts that house prices in North London are just as likely to fall, as they are to rise over the next two years. This simply illustrates the uncertainty surrounding the current housing market in the medium term.


The primary factors likely to facilitate a drop in property prices in the short term in Edmonton N18 and N9 are listed below: -

1. Less purchasers, in particular first time buyers on the market, due to more stringent lending criteria from the banks.
   
2. Significantly higher interest rates possibly forcing more sellers on to the market.
   
3. The addition of potentially thousands of homes in new housing developments e.g. Meridian Water N18

At Gracechurch Property Services N18, we are experiencing a huge amount of buyer demand for every home that we market. Often, a property will be under offer within the first week of marketing and for significantly over the original asking price.

This relentless demand for all kinds of properties, from studio flats to 4 bedroom semi-detached houses in the N18 & N9 postcodes, is being fuelled by a combination of both Buy-to-Let investors and family buyers.

Currently, there is a huge (and growing) buyer demand and a acute shortage of properties coming to the market, which is ultimately driving house prices upwards.

As such, despite the macro economic factors designed to slow upward price pressure on the Edmonton/North London housing market, we anticipate that the fundamental value trend to continue increasing, albeit perhaps at a more cautious rate.

If you want to find out more information about the local property market in Edmonton N18 & N9, and all surrounding areas, please feel free to contact Gracechurch Property Services via any of the following methods:

Telephone: 020 3418 0580
Email: info@gracechurch-property.co.uk
Twitter: @GracechurchN18
Facebook: https://www.facebook.com/GracechurchPropertyServices
Our website: www.Gracechurch-Property.co.uk

Director
Gracechurch Property Services