With pre-Christmas discounts now is the time to buy a house in London
As traditional as Home Alone on the telly and mince pies, the annual Christmas price-cutting season on property is upon us. Savvy buyers who get their warm jackets on could own a new place at a hefty discount by the real estate Santa Clause. The final weeks of the year are a good time for homebuyers to haggle as there are fewer house hunters around. While the real estate market across London has boomed since the end of the pandemic, still there are homes in central London that have not been sold for months with sellers forced to reduce their prices. Now vendors are having pre-Christmas offers and discounts, and central London is giving such a good value. It is one of the quieter months in the home-selling period and so there can be more room when getting a deal over the line. Developers’ willingness to strike a deal at Christmas time is not an outbreak of charity but as a need to meet sales quotas before the end of the year. There is an absolute swathe of price reductions now. I
