Another record month at Chestertons

August has been a record month at Chestertons with revenue up 8% from August last year - driven largely by a leap in both sales and lettings activity in Prime Central London. We’ve seen 75% more completed sales deals and 17% more new tenancies in Prime Central London compared to August last year!

2019 has so far been characterised by relatively stable prices, an increasingly favourable environment for foreign buyers and greater volumes of buyers and renters entering the London market, all of which have come together in August to help us complete a record number of deals.

Although there is definitely a strong appetite from both buyers and renters in the capital, increased caution on both sides means that negotiations are taking longer and more work is required from agents to help secure deals and progress them through to completion. It is testament to the skill and experience of our team here that we are able to generate strong offers and then see them over the line.

We continue to witness a lack of properties available for both sales and lettings and this could slowly start to push prices up, a trend that we have already noticed in some in stances in Prime Central London. Yes, there is still uncertainty in the market due to Brexit, but a growing number of people seem to be prepared to overlook this and I’d expect to see the floodgates open should any clarity be achieved over the coming months.

We give more, you get more, tons more!