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Mixed Messages Obscure the Property Market, but Buyers Return
As spring approaches, the property market in Clerkenwell, Bloomsbury, Barbican and the City of London is beginning to show encouraging signs of renewed activity. Despite mixed messaging across the media and property commentary, buyer registrations are increasing and market momentum appears to be gradually returning.
I have just returned from a week in Milan where I attended several events connected to the upcoming 2026 Winter Olympics. The atmosphere across the city was electric, combining world-class sport with the opportunity to spend time with friends and enjoy some exceptional Italian cuisine.
Back in London, attention is turning to the spring property season, historically one of the busiest periods for buyer activity.
Signs of Renewed Activity
Recent economic indicators have provided a degree of encouragement. UK inflation fell to approximately 3 percent at the end of February, and this has coincided with a noticeable increase in applicants registering their interest in purchasing property.
Whether this renewed activity will translate into completed sales remains to be seen. Market sentiment continues to be shaped by varied and sometimes conflicting narratives across the press and social media, which can influence buyer confidence.
At present, buyers are approaching the market cautiously. Their primary focus is on securing a home that represents genuine value.
Today’s Buyers Are Value Focused
With a wide selection of properties available, homes priced above current market expectations are receiving limited viewing activity. Sellers who are reluctant to adjust pricing are finding that buyers remain highly price sensitive and willing to wait for the right opportunity.
In the areas we cover, the majority of active buyers are currently UK-based homeowners rather than buy-to-let investors, pied-à-terre purchasers or international buyers.
These domestic buyers are carefully assessing overall affordability and considering a number of factors including:
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Stamp duty costs
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Service charges and ongoing building expenses
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Mortgage borrowing rates
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Overall purchase price and long-term value
Despite this careful approach, demand remains strong for specific types of property. Period conversions, authentic loft apartments, homes within smaller bespoke developments, freehold houses and well-presented properties continue to attract the highest levels of interest.
Preparing for the Spring and Summer Market
The beginning of March traditionally marks the start of the busiest period in the property calendar, with spring and summer bringing the highest levels of buyer registrations.
For motivated sellers, this period creates a valuable opportunity to launch their property when demand is strongest.
If you are considering selling your home, now is the ideal time to begin preparing. Early preparation allows you to take advantage of improving market conditions and increasing buyer activity in the months ahead.
If you would like a confidential conversation about your property plans in Clerkenwell or surrounding areas, I would be delighted to assist.
Marco Fugaccia
Sales Director
[email protected]
Frequently Asked Questions
Are buyers returning to the Clerkenwell property market?
Yes. Buyer registrations have increased as we move towards the spring season, particularly among UK-based homeowners looking to purchase primary residences.
What types of property are attracting the most interest?
Period conversions, loft apartments, freehold houses and homes within smaller boutique developments are currently attracting the strongest demand.
Are buyers still price sensitive?
Yes. Buyers remain cautious and focused on securing genuine value. Properties priced above market expectations are likely to see reduced viewing activity.
Is spring a good time to sell property in Clerkenwell?
Spring and summer are traditionally the busiest seasons for the property market, making them favourable periods for sellers to launch their homes to market.
