A combination of high inflation, rising mortgage interest rate, the energy crisis and the war in Ukraine have significantly affected the Central London property market.  

However, prices seem to have stabilised now and there are signs that things are slowly improving. The expectations are that this year will hopefully be calm and steady, so long as everything keeps on track. Any further upset could cause the market to suffer again.

On an optimistic note, the rentals market has been extremely busy and we have full occupancy. This coupled with a significant increase in the rents have meant that our Lettings department has done very well. The main issue is with the low level of stock available. There are no too many agents chasing too few properties. 

The key thing is to remain positive and we look forward to a  year.

Indy Perera