Greycoat Real Estate is a premier London Real Estate Group. They hold over four decades in the London Real Estate market, keep a sharp eye on all things real estate in the London area and have noticed the alarm for property owners.

This, as London real estate prices took a sharp dive in prices in August of 2023, going down 4.6 percent as compared to a year ago in August. While there is often a slight dip in real estate prices in August, Greycoat notes that a typical home in London has dropped 14,000 pounds in the last year.

Analysts at Greycoat agree with other realty experts that it appears that housing prices may rise further in the next several months. In addition, coupled with rising interest rates, the demand for buying a home has slowed.

Analysts also note an increasing trend: 

1. A tendency for houses to be sold at less than buyers initially asked for as Greycoat specialists inform.

2. Buyers are extending the range of homes they are looking for, increasing their commuting range to find a suitable home.

Greycoat Real Estate notes that both these trends mean that home buyers are more in the driver’s seat than previously, and that home sellers may need to adjust their expectations toward how much their home may sell for.