Confused!! Is the London property market going like the clappers or not??!!

[samosamo]

Seen so many threads in here saying IT'S CRAZY!!!! others that it's slow as a snail!!!

Will breaking it down in this way help us?
Flats with garden
Flats without garden
Houses over £1m
Houses under £1m

What's your experience of the last say, 6 months? I can say i just bought what I thought was a bargain. Couldn't understand why others hadn't nabbed it (well I kinda can, but also not). That gave me the impression it was slow. It was on the market for £1.1m.

What's your experience?

Quite a number of price reductions here but also hearing that stuff is selling without going on the open market
I guess the unsold ones are priced wrongly and won't sell until vendors adjust their expectations

If your property is over priced it won’t shift and perception will be it’s slow, if it’s well priced it will go quick and perception will be its fast. People’s perception is also very much conformational bias. If they want it to be slow they will look for those over priced properties snd proclaim it to be, ignoring everything else that shifted. And vice versa.