As a veteran of the London real estate market, Nick Millican is no stranger to change. The real estate agent has seen a wide variety of twists and turns at various stages of the game.
Over the years, he has witnessed trends that many people mistook for permanent change. He has thus learned to distinguish real epochal events from those that are merely a flash in the pan within the housing industry. Nick Millican states that one of the most imposing events that has marked the end of the present year has been a sharp downturn in home prices.
This is true in particular of houses in London. Nick Millican adds that prices in this area have taken a nasty tumble. The current figure sees a downturn of over £6,200 through the month of December. This is likely to be the norm for the rest of the year (Twitter).
As Nick Millican and many of his peers have noted, home prices in London have actually fallen yet another 0.9 per cent since last month. For the property purchase industry, this has been the case all through the various regions of the city. It has continued to be the norm even as sellers try all sorts of ploys to attract buyers.
Many have gotten the idea that it may be permanent. This is the exact reason why the aid and counsel of an expert like Nick Millican is so badly needed. It takes a man of his stature in the industry to reassure buyers. The fact of the matter, as Nick has reiterated, is that no such trend can ever be permanent.