Bonnards West Kensington Estate Agents

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London house prices on average have reduced by 0.7% in the 12 months leading up to June 2023 (according to the UK House ...
16/08/2023

London house prices on average have reduced by 0.7% in the 12 months leading up to June 2023 (according to the UK House Price Index). This was expected and in our opinion, it should not warrant any panic as a London homeowner.

UK Wide Data below:

- Older flats have been hit hardest.
- Detached properties have increased 2.3% in the same period.
- Semi Detached properties at 2.2%
- Terraced, flats and maisonettes at 0.8%

If you have any questions about the current market or how this could affect you or to find out if your current property portfolio/strategy is the most effective in this current market, please contact our Investment & Portfolio team on 020 7207 6328.

According to The Independent, there is an intriguing theory surrounding the Renters Reform Bill, which frequently publis...
03/07/2023

According to The Independent, there is an intriguing theory surrounding the Renters Reform Bill, which frequently publishes leaked information about new Labour policies. The newspaper suggests that Prime Minister Rishi Sunak is hesitant to confront his own party's MPs who have expressed growing apprehension regarding certain provisions within the bill.

The publication asserts that doubts have emerged concerning the future of the bill, which aimed to eliminate Section 21, establish a lettings Ombudsman, and introduce a mandatory register of landlords.

Shadow Housing Secretary Lisa Nandy, who recently confirmed Labour's official opposition to rent controls, argues that tenants are currently left in a state of uncertainty as government officials and Tory MPs engage in internal debates over the fate of the reform legislation.

At Bonnards, we have analyzed the latest research from Zoopla and uncovered a notable trend in London's housing market. ...
28/06/2023

At Bonnards, we have analyzed the latest research from Zoopla and uncovered a notable trend in London's housing market. Alongside Northern Ireland, the capital experienced a decline of 0.2% in house prices compared to the previous year, setting it apart from other regions.

Interestingly, Zoopla's data also highlights the influence of increasing mortgage rates on asking prices. We have observed that over 42% of vendors are now accepting offers that are 5% or more below their initial asking price, with 15% agreeing to a discount of at least 10%. On average, price reductions stand at 3.8%.

In such a market environment, sellers can trust Bonnards Estate Agents to navigate these challenges and ensure a high selling price for their properties. With our expertise in market dynamics and a proven track record, we can effectively showcase the unique features of each property using strategic marketing techniques. By attracting a wide pool of potential buyers, we maximize exposure and create a competitive bidding environment.

Moreover, our experienced agents excel in negotiation, leveraging their expertise to secure favourable offers for our clients. Even in the face of declining prices, we are committed to maximizing returns and helping sellers achieve their desired selling price. Trust Bonnards Estate Agents to guide you through the process and ensure the best outcome in this evolving market.

The Bank of England has recently implemented its 13th consecutive interest rate hike, with a significant increase of 0.5...
23/06/2023

The Bank of England has recently implemented its 13th consecutive interest rate hike, with a significant increase of 0.5 percent. This decision was announced by the Monetary Policy Committee (MPC) at midday.

The motivation behind this move is the ongoing challenge of high inflation, as reflected in the unchanged Consumer Prices Index (CPI) rate of 8.7% for the UK in May, according to the Office for National Statistics.

Initially, the expectation was for a moderate increase of 0.25 percentage points, taking the rate to 4.75%. However, the MPC opted for a more substantial raise, increasing the rate by 0.5 percentage points to reach 5%.

Prime London Lettings Market Snapshot - 💎Our Head Of Lettings had this to say:"We can see that new instructions across ...
21/06/2023

Prime London Lettings Market Snapshot - 💎
Our Head Of Lettings had this to say:

"We can see that new instructions across the market are low, which was expected with the instability surrounding interest rates. However, even with reduced stock levels and increased demand for prime London properties, price reductions across the market are on the increase. That's why it is all the more important that Landlords partner with expert agents that can maximise returns."

Call us on 0207 207 6328 to learn more about how we make that happen.

I'm pleased to announce that our Fulham/West Kensington HQ has officially launched! 💙As part of our grand opening, we ha...
19/06/2023

I'm pleased to announce that our Fulham/West Kensington HQ has officially launched! 💙

As part of our grand opening, we have an amazing 0% lettings offer* for all Landlords that choose to partner with Bonnards.

Call us on 0207 207 6328 for full details. Bonnards does it better.

*Terms and Conditions apply


Address

142 North End Road
London
W149PP

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 12pm - 4pm

Telephone

+442072076328

Website

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