Our analysis is that landlords are delaying property sales in order to reap as large a gain as possible from price rises, further exacerbating existing trends.
In our view, the current market trajectory is not sustainable. Any rise in interest rates or government policy shifts will lead to landlords putting greater numbers of properties on the market. Greater supply will then take some of the heat out of the current sales climate.
Notwithstanding our expectation of such a market correction, we remain committed to the view that the Battersea and Nine Elms housing market will continue to outperform other areas in London as massive investments in local regeneration, housing and transport infrastructure begin to bear fruit.
