The picturesque area of Dulwich, located predominantly within the London Borough of Southwark, has witnessed a remarkable 153% increase in property enquiries since the start of 2023, according to the latest figures from Foxtons. This substantial rise positions Dulwich as one of the most sought-after districts in London for prospective homebuyers.

Dulwich is celebrated for its affluent charm and scenic beauty, making it an ideal choice for those looking to invest in a peaceful yet prestigious London suburb. The area’s allure is reflected in the soaring interest from potential buyers, signaling a significant shift in the city’s residential market dynamics.

Other London Areas Also on the Rise

The property enthusiasm isn’t confined to Dulwich alone. Other London areas are also experiencing an upswing in buyer interest:

• Hampstead has seen a 104% increase in enquiries.
• Ilford is not far behind, with a 101% increase.
• Both Kingston and Stoke Newington have each recorded an 89% rise.

These figures underscore a broader trend of increased activity across the London property market, even as mortgage rates remain high.

Guy Gittins, the chief executive at Foxtons, commented on the current market conditions, stating, “It’s been an extremely positive start to the year for the London property market and we’ve already seen an increase in the number of buyers enquiring across all but a handful of areas.” He noted that this rise in interest is particularly impressive given the stagnant mortgage rates and is a promising indicator as the market approaches its peak season.

Gittins further advised prospective buyers for 2024, suggesting that now is the time to act. With the competition among buyers heating up, those looking to purchase a property this year should be prepared for an increasingly competitive market.

The average number of monthly buyer enquiries across London has risen by 41%, illustrating a robust demand for properties in the capital. This increase in interest suggests that despite economic uncertainties and high mortgage costs, London’s property market remains a hotbed for investment.