Flats See Long-Term Value Increase:

Great news for potential flat buyers! The report reveals a positive long-term trend, with average flat prices sitting a healthy 8.7% higher compared to five years ago. This translates to an increase of £84 per square foot, showcasing the area’s enduring appeal.

Market Correction for Flats?:

However, there’s a nuance to consider. While there’s long-term growth, the report also shows a slight dip in achieved prices per square foot over the last year. Flats specifically have seen a 0.7% decrease. This could indicate a potential market correction after a period of sustained growth.

Fast Sales for Sellers:

Sellers have reason to be optimistic! The report highlights Hampstead’s advantage when it comes to property turnaround. A significant 21.3% of properties sold within just 3 months, compared to a much lower 14.6% average for the whole of Central London. This suggests strong buyer interest in the area, making it a good time to consider listing your property.

Price Points:

Let’s delve into specific figures. The report reveals that properties sold in the last 3 months fetched an average price of £1,063,888 for flats. Houses, on the other hand, commanded a steeper price tag of £4,420,694.

What Does it Mean?

The Hampstead property market appears to be in a period of adjustment. While long-term growth for flats and a seller’s advantage in terms of speed are evident, recent price dips suggest a potential shift.

Stay Informed!

This blog will continue to monitor the Hampstead market trends and keep you updated on future developments. Stay tuned for insights into whether these recent dips are a temporary blip or a sign of a more significant change.

Valentine’s Day, the most romantic day of the year, is just around the corner. The shops are filled with cards and gifts designed to help you to let your partner know just how much you love them.

Now, let’s shift our focus to a different kind of love – the love we have for our homes. Similar to the stages in our relationships with our partners, our bond with our homes undergoes various phases.

There’s the initial encounter (viewing), extending the first invitation (making an offer), courtship (learning about each other as the sale progresses), commitment (finalising the sale), the honeymoon phase (adoring every aspect of your home), complacency (taking your home for granted), boredom (losing interest in your home and starting to look at other properties), and finally, the break-up (selling your home).

If your relationship with your home has reached the complacency or boredom stage, perhaps it’s time to revitalise your relationship with it by making some changes that will benefit both of you. Whether it’s rearranging furniture, decluttering, or committing to a complete redecoration, changes, however small, can reignite your love for your home.

If, even after making some changes, you still feel that your relationship with your home is irreparable, at least you’ve ensured that you will have maximised your profit should you decide to part ways (sell).

Estate agents are the matchmakers of the property world. If you find yourself at the end of your relationship with your property in Hampstead, Vita Properties is here to assist you as you go through your break-up with your property with both empathy and sensitivity.

We can manage your home’s dates (viewings) with potential new owners and provide constructive feedback, sparing you from hearing unnecessary feedback such as whether viewers simply didn’t appreciate your taste in rugs.

As a potential buyer progresses to a second date (second viewing), Vita Properties can handle their queries and assist them in determining whether your property is the right match for them.

Love can’t be rushed. Some buyers make an offer on a first viewing, experiencing love at first sight, while others may need six visits before deciding to commit – a testament to the gradual growth of affection.

Let Vita Properties guide you through the property-selling process. Regardless of your luck in love, wewill find the perfect match for your home.

One thing is certain: if you choose to instruct us to find your property’s ideal new owner, you’ll be in love with our service and care.

If you’re ready to part ways with your property and put it on the market, give us a call at 020 7759 2199 or send us an email at enquiries@vitaproperties.uk. Rest assured, we will ensure that your property finds someone who will cherish it as much as you once did.

Here’s a sneak peek into the events happening in the city that promise to make this weekend unforgettable. 

The Spaniards Inn

Date: Various dates
Location: Hampstead
Website: The Spaniards Inn Pub & Restaurant in London

Escape the urban hustle and bustle and discover the charm of The Spaniards Inn in Hampstead. This historic pub, nestled in a picturesque setting, offers a cosy hideaway. With a menu featuring hearty pub fare and a warm ambience, The Spaniards Inn provides the perfect setting for a leisurely weekend meal. Whether you’re enjoying a traditional Sunday roast or sipping on a pint by the fireplace, this pub exudes the timeless charm of a Hampstead classic.

Les Filles

Date: Various dates
Location: Lancaster Gate
Website: LES FILLES KITCHEN

Les Filles in Lancaster Gate is a convenient healthy deli where you can find everything from daily staples, to beautiful seasonal Natoora fruits and vegetables and all your favourite patisseries, cakes and more.  

The Lucky Club

Date: Various dates
Location: Camden Market
Website: The Lucky Club – The Lucky Club

The Lucky Club is a unique rooftop bar nestled in London’s iconic Camden Market. Taking inspiration from the seasons, the rooftop bar is transformed from a tropical themed paradise in the summer to a cosy Après Ski Winter Lodge, encased in wooden panelling and complete with furs and heaters in the colder months. At the end of February they will be bidding farewell to the Après Ski Winter Lodge so make sure you pop in to enjoy their bottomless cheese fondue before the season changes!

Kew Orchid Festival

Date: 3rd Feb – 3rd March
Location: Richmond
Website: Orchids | Kew

Indulge your senses in the breathtaking beauty of the Kew Orchid Festival. Hosted in the iconic Kew Gardens, this floral extravaganza showcases the allure and diversity of orchids. With stunning displays, themed gardens, and a celebration of the orchid’s cultural significance, the festival offers a botanical journey that captivates visitors. It’s a chance to immerse yourself in the splendour of nature and appreciate the delicate elegance of these exquisite flowers.

Chinese New Year

Date: 11th Feb
Location: West End
Website: Chinese New Year 2024 in London

Join the vibrant cultural festivities of Chinese New Year in London. As the city welcomes the Year of the Dragon, various events and celebrations will unfold, including colourful parades, traditional performances, and culinary delights. From Chinatown to Trafalgar Square, London comes alive with the spirit of Chinese New Year, offering a lively and immersive experience for both locals and visitors alike.

This weekend London promises a weekend filled with cultural richness, entertainment, and delightful surprises. So, gather your friends, embrace the weekend spirit, and make the most of the enchanting offerings London has to offer. Happy weekend exploring!

These are the top 10 things that homebuyers in Hampstead are prioritising in their property searches in 2024.

Open plan living

The versatility offered by open-plan living and the existence of a large communal area that is perfect for both gatherings and busy family life is highly sought after by buyers.

Home Office

Working from home is no longer unusual and as a result many buyers place a lot of value on having an office space that is separate from the rest of the home.

Modern Kitchens

Efficient, sleek and modern kitchens have been topping buyers’ must-have lists for several years now.

Pantry

Space is important to buyers. Pantries offer the ability to create space in the kitchen by storing everything you need in there. They are perfect for stashing away a large weekly shop or for hiding away bulk buys with ease.

Kitchen Islands

Providing extra surface space, storage and an attractive focal point, kitchen islands are high up on the list of desirable features for many buyers.

Storage

Buyers are looking for properties that feel spacious and storage is key to this. Ample built-in storage is very attractive to buyers.

Hardwood Flooring

Durable, easy to maintain and long lasting, it is easy to see why hardwood floors are popular with buyers.

Outdoor Entertaining Areas

Areas to socialise in have been especially important for buyers since the pandemic and outdoor areas to host gatherings in are particularly popular.

Garages/outbuildings

Post-pandemic buyers place a lot of value on having space at home to undertake DIY projects or simply store their belongings without encroaching on their living area.

Going Green

Soaring energy bills, the high cost of living and an awareness of our individual contributions to climate change have meant that properties with EPC (energy performance certificates) ratings of C or above are attracting more attention from potential buyers than properties with a large carbon footprint.

If you are considering putting your property in Hampstead on the market in 2024 please do give us a call on 020 7759 2199 or email enquiries@vitaproperties.uk  and we will be delighted to come and give you a free no-obligation valuation.

When choosing an estate agent to sell your home in Hampstead beware of selecting one based purely on the fact that they have given you the highest valuation.

This is because often after a few months, without any offers, they will then suggest that you lower your asking price to create some interest. What this actually means is that you will be reducing your price to what it should have been put on the market for in the first place.

Many people think “but we can always take an offer/it’s worth a try”. However, there are several problems with this approach.

Firstly, buyer activity is always highest when a property is first added to the market. This can lead to a sense of competition between buyers which drives the price up.

Secondly, the longer a property remains on the market, the more inclined prospective buyers are to think that there must be something wrong with it as no one else has bought it. This has the effect of devaluing your property.

Finally, potential buyers look at properties in a price bracket that they can afford. If your property is overvalued then it will not be seen by the people that you want to see it. Instead, it will be seen by buyers looking in a higher price bracket who will find that it compares unfavourably with the other properties in that bracket that have been given realistic valuations.

Remember if your property is valued correctly you will be able to secure the best possible price in a very short period of time.

Call us today for a free no-obligation valuation on 020 7759 2199 or send an email to enquiries@vitaproperties.uk  and we will help you to achieve your home-moving dreams.

This weekend in London is filled with a delightful mix of whimsical theatrical experiences, culinary explorations, burlesque enchantments, and rooftop soirées. Here’s a glimpse into the events happening in the city that promise to make this weekend memorable.

The Macmillan’s Mad Hatter Tea Party

Date: 4th Feb
Location: Millfield Theatre, Edmonton
Website: millfieldtheatre.co.uk

Step into a world of whimsy and wonder at The Macmillan’s Mad Hatter Tea Party at Millfield Theatre. This theatrical event promises to transport attendees into the enchanting realm of Lewis Carroll’s classic tales. With eccentric characters, delightful performances, and a tea party inspired by the whimsical Mad Hatter, it’s an opportunity to immerse yourself in a fantastical experience filled with laughter, entertainment, and the magic of storytelling while raising money for a good cause.

Clap Restaurant

Date: Various Dates
Location: Knightsbridge
Website: Clap London

Clap Restaurant is a fine-dining Japanese restaurant located in Knightsbridge. With a commitment to providing a unique dining experience, this restaurant boasts a menu that combines innovation with tradition. Whether you’re seeking exquisite flavours, artistic presentations, or a cosy ambiance to savour your meal, Clap Restaurant invites you to embark on a culinary journey that elevates the senses and showcases the diversity of modern gastronomy.

The Coffee Cup

Date: Various Dates
Location: Knightsbridge
Website: Clap London

Coffee aficionados, prepare for a journey into the aromas and flavours of coffee at The Coffee Cup. For over 50 years this iconic coffee lounge has treated the Hampstead population to great coffee, tea, and… raisin toast! Every cup of coffee and every bite tells a story of unwavering dedication to quality and community.

An Evening of Burlesque

Date: 3rd Feb
Location: Fairfield Ashcroft Theatre, Croydon
Website: An Evening of Burlesque

Indulge in a night of glamour and entertainment with “An Evening of Burlesque” at Fairfield Halls. This tantalising show brings together the art of burlesque, combining seductive performances with theatrical flair. With glamorous costumes, captivating choreography, and a vibrant atmosphere, it’s an evening that promises to captivate and transport audiences to the golden era of burlesque.

Ground One Six

Date: Various Dates
Location: Belsize Park
Website: Ground One Six

GROUND ONE SIX’s showroom in London’s Belsize Park features a curated collection of fine 20th Century design and art. It is filled with intriguing designs of furniture, lighting, crafts and decorative arts, collectable homeware, and modern art.

As the weekend unfolds, London invites you to explore a tapestry of experiences. Whether you’re attending The Macmillan’s Mad Hatter Tea Party, savouring culinary delights at Clap Restaurant, delving into the world of coffee at The Coffee Cup, indulging in burlesque glamour at Fairfield Ashcroft Theatre, or finding a unique piece of furniture for your home at Ground One Six, the city promises a weekend filled with cultural richness, culinary delights, and enjoyable experiences. So, gather your friends, embrace the weekend spirit, and make the most of the enchanting offerings London has to offer. Happy weekend exploring!