Knight Frank says deals to be done before Christmas

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Knight Frank’s Stratford office took more than £15 million of offers last week alone, proving that there are deals to be done before the traditional Christmas break.

Rupert Wakley, head of the company’s Stratford office said: “Figures like this just go to show that there are buyers out there for property which is sensibly priced and marketed.

“It’s easy to think that nothing will happen in the market now before Christmas, but our activity last week and this proves that it’s not too late and there are deals to be done.”

The market remains short of good quality stock and it is still a challenge for buyers to find the right property.

Wakley added that vendors need to be pragmatic in terms of guide prices.

He said: “The market is incredibly price sensitive and prices have to adjust to market force. However, we are starting to feel the first ripples of positive influence from the London market with many London dwellers choosing to take advantage of record prices in the capital and spend their substantial budgets on country properties.”