KIRE publishes a monthly newsletter covering NW3 and Surrounding Area market information, our services, and upcoming activities.
KIRE - Community Creators
15th March, 2022 NW3+ Market Update - Hampstead, Primrose Hill & Belsize Park
Market’s hot but tomorrow is not - Stock levels for houses are at an all-time low but don’t pull any faces because it feels like the wind is changing. We have seen a 353% increase in pitches on homes above £5m month on month with many planning to sell within 3-6 months, increasing supply. On the flip side, buyers have become more risk averse in conveyancing. In summary, if maximum profit is your goal, now may well be the time to leave the table and cash in your chips.
We expect that the shift to home working, the desire for private gardens, and very limited stock on the market will continue to drive house prices up in early 2022. However, rising interest rates may very well cool house price growth and transactions the second half of 2022 and in 2023.
Headline Local Market Statistics
TOP 4 SALES (Feb-March 15th 2022):
29 New End £8M
20 Well Rd £5.8M
East Heath Road £4.3M
21 Belsize Ave £3.8M3
*See above for detailed to 4 sales video review.
+66% increase in Sales in NW3 Feb vs. Jan 2022, helping liquidity in the area
74% London buyers expect to buy in next 3 months vs 72% in January, indicating increased and positive buyer sentiment
Interested in finding out how much your neighbours houses sold for and what your property is worth using our local market tool? (2 mins) Market Tool
Sources: Sources: 1. KIRE analysis 2. Homesearch 3. Rightmove
100 Remarkable Homes of NW3 including Primrose Hill Book, accepting nominations - KIRE has teamed up with David S. Percy, FRSA, ARPS, an award-winning cinematographer, director, graphic designer and photographer to produce an illustrated and historical book documenting 100 select beautiful homes in NW3 and Primrose Hill. Nominate your home.
Historic Easter Egg Tour - Join us on April 10th for a walking tour through Belsize Park combining our enjoyable local area history tour with an Easter Egg Hunt for the little ones. While you learn about the fascinating history of the area, your children will be able to run around the front/rear gardens of pre-selected properties and look for the hidden eggs. Scan QR code below or click to register.
NW3TV Has Launched! - KIRE has launched NW3 TV on Instagram @kire.life. Tune in for daily posts covering: NW3 events, local history “Knowledge Bombs”, interviews and advice from “Local Legends” and businesses, and local real estate market updates.
Scott's Mayfair Prize Winner - The February NW3 Quiz & Prize Draw is Grey Skipwith of Hampstead. He has won a £300 Dinner for Two at Scott’s Mayfair.
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PROPERTY LISTING PROMOTION ENDING 15th APRIL WORTH £70,000-£620,000*
Record-breaking Knightsbridge & Chelsea process for 1% Plus VAT
“He sealed the deal at a rate which represented between 4.7% and 15% more than other agents had managed.” – Nigel Rogers, Chelsea Barracks
Signature Marketing Campaign to boost reach & property profile
Get more enquiries photos by award-winning Taran Wilkhu
Turn your neighbours into your salesforce with sponsored property party
Extended buyer reach with KIRE Club network & cross channel ad campaigns