West Hampstead Estate Agents Buck the Economic Trend In London NW6

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 17, 2010 -- Across the UK, Estate agents are reporting a gentle uplift on house sales, as the green shoots of an economic recovery peep through. While in some areas of London the green shoots are reported to have 'shallow' roots, the story is very different in NW6 where West Hampstead based Estate Agents Paramount Property have been ahead of the trend throughout the credit crunch.

While the property pages were reporting doom and gloom, Paramount have seen a gradual improvement in the property market throughout 2009. Paramount Director of Sales Robert Lazarus said "Paramount Properties have had a lot of new people registering and a lot of clients who have been registered for a few years coming back to the market; Paramount have over 1600 applicants currently looking for properties in West Hampstead and NW6"

The West Hampstead and Kilburn market is predominantly made up of young professionals who are used to moving in good times and bad, whether because of a change of job, couples moving in together, or wanting to upgrade. As young professionals they usually command a good income and have been able to save a large deposit which enables mortgage approval, even when mortgage deals have been difficult to find. "Being aware of their market and knowing that North West London property will always move rapidly once economic recovery begins, potential home buyers are willing to pay the keener prices in West Hampstead and surrounding areas."

West Hampstead is a much sought after area for the young professional; (The close proximity of West Hampstead to Hampstead also adds to charm and desirability of the area. Along West End Lane there are a host of cafes, bakeries and boutiques popular with local residents. At night the area attracts a young vibrant cosmopolitan crowd who enjoy the popular bars. This lively night life contrasts to the village atmosphere during the day. There are also a number of popular schools in the area appealing to the many families who live in the area. West Hampstead is one of the best served by public transport in London making it a sought area to live by many professionals who work in the city. The area has its own tube station on the Jubilee line and the Metropolitan line is easily accessible on the Finchley Road.)
Paramount Properties report that the combination of these factors, with a lack of supply and a pent up demand for property in North West London has meant there has been competitive bidding on a number of properties this year. Properties are selling in excess of the asking price and some properties have sold within 24 hours of them coming onto the market.

In the past few years Paramount has invested in all areas of internet marketing, in order to help home buyers. The company's website and property for sale or rent database, makes finding a property so much easier; and all from the comfort of home. Paramount staff regularly update blogs related to specific areas of North West London, so that potential homebuyers can keep abreast of the local area news, events and anything which might affect the market in their chosen area. Homebuyers can access more immediate news of new instructions, with photos on Paramount Property and West Hampstead Facebook accounts, while Twitter tweets addresses and prices with a dash of property market news. Home buyers can research and keep up with the market on their mobile phones! Unbalanced supply and demand is likely to continue into 2010, so competition for the most sought after houses seems set to continue. 'Following' or becoming a 'friend' of Paramount Properties means the young professional need never miss out on new properties on the market in North West London. At Paramount we felt it most important to report some excellent results in the last 6 month period as per some examples below.
A system of carefully controlled open days for many clients have been implemented over this period, such is the demand for viewings.
In many cases, it is typical that as a result of these open days, that multiple amounts of offers are submitted to our sellers and in many cases a sealed best bid system, with over asking price offers being received in order to determine the successful buyer. These are within 24/48 hours in some instances!
We hope this gives you confidence in the market and also in Paramount as a leading agent in the area for 20 years.

We would be delighted to hear from you should you wish to discuss this further and as a possible home seller, we would be welcome the opportunity to visit you to provide a no obligation valuation without charge.
Paramount Properties are independent agents for London Property Sales, London Property Lettings, London Property Management, UK Property Investment, UK Property Development and UK Commercial Property. Please feel free to browse through our daily updated residential property sales database of houses, flats,studios and aprtments for sale in Brondesbury, Cricklewood, Hampstead, Little Venice, Kensal Rise, Kilburn, Maida Vale, Mapesbury Estate, Queens Park, St Johns Wood, South Hampstead, West Hampstead and Willesden Green

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