Defiant London Estate Agents continue to expand

The economy is in a dire situation, house prices are at their lowest in five years yet, London estate agents OliverFinn continue to expand their London operations with two new offices opening this month and another two planned in the next few months.

Why the rapid expansion when others are battening down the hatches?

OliverFinn believe the London property market is no worse than it was five or six years ago, its just an illusion that the London property market has crashed due to the crazy days of the last five years where people were obsessed with property, investing in property and developing property. Many of these people knew nothing about property or property development but it seemed no one could lose. Anyone could get a mortgage even if they couldnt afford to pay it back, London property prices were soaring and all was well, or so it seemed. Now, OliverFinn reminds us. Things have just gone back to how they should be in a stable property market. Property prices are adjusting to how they should be and lenders are slowly lending again but somewhat more responsibly.

So, is it a good time to buy in London?

If you have a deposit and can afford your mortgage it is a very good time to invest in property in London. Prices are good and there is no shortage of available property on the market. Over the last 6 months OliveFinn has seen a steady rise of people looking to move in London and low, fixed fee estate agents are reaping the rewards. By keeping their costs down, using the internet as a shop window savvy estate agents are able to offer more attractive fees to would-be sellers and with interest rates at an all time low, property buyers are keen to look at moving home rather than extending their current house. By opening smaller offices off the main high streets where rent is lower and using modern technology to market properties the bigger estate agents with flashy, prime location offices are losing out. With higher overheads they cant compete in terms of fees with the modern estate agents who realise people are no longer prepared to subsidise fancy shop fronts which far less reach than a cleverly marketed property on the web.

Whats new for 2012

OliverFinn plan to be the leading London estate agent by the end of 2012. Continuing to invest in web technology and expanding their London based offices to cover the whole of London. Their newly opened offices in Clapham and Ealing are already bustling and with a further 10 branches due to open this year, 2012 is going to be the year for Estate agent willing to adapt to their customers needs.