London Estate Agents Report Record Sales Figures

London Estate Agents Paramount Properties are looking forward to the best ever months sale figures ie where contracts have actually been exchanged.

The market turned in April and the summer months have resulted in more and more buyers coming into the market, including many cash and first time buyers.

"Buyers have realised that the West Hampstead properties have probably bottomed out, with asking prices down by about 15% since the peak in July 2007." said Mr Robert Lazarus, Paramounts Residential Sales Director.

"Our secondary areas, such as Willesden, Brondesbury and Cricklewood have dropped by about 20%. New mortgage products are being released weekly, and now that it is possible to get a 90%mortgage again,first time buyers are back in force"

"Paramount Sales department are probably the the most experienced Estate Agents in this area. "A percentage of vendors are put off by the cost of the Home Information Pack (HIP) at the outset.

Paramount are easing this worry for vendors by offering free HIP to all potential vendors." Mr Lazarus added "It is hoped that this will encourage potential properties will satisfy the new increase in demand for residential properties"