Watching the Olympics the other day really drove home the fact that that will be us in 4 years time. Seeing the camera’s pan around the outside of the stadium was enough to restore anyone’s confidence back in the Dockland’s property market despite the impact the credit crunch is currently having across the board.
Last week I saw a definite change in the market as the phones once again started to ring with buyers keen to view the competitively priced stock and take advantage of the vendors that are still looking to negotiate down further on the price to secure a sale. A month or too ago, buyers were sitting tight as they waited in the wings to see how much further the prices would slip as day after day they were bombarded with headlines damning the property market.
Now however, with vendors more reasonable on pricing and certainly more receptive to offers on what is already a keenly priced property buyers are certainly not waiting around any longer for fear of ‘missing the boat’.Docklands has always been a unique market with plenty of demand and the Olympics will certainly help to keep it on the map.