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Key Highlights:

• Property prices in Chelsea have only decreased by 0.5%
• 8.3% increase in property transactions in the last quarter
• Average property price: £1,477 per square foot
• 10.1% discount on asking prices
• Prices are 1.5% higher compared to five years ago

Market Trends:

• Flat prices decreased by 4.6% in the last year
• House prices increased by 5.1%
• 14.6% of properties sell within the first three months
• 66.5% of properties have been on the market for over three months
• 15% more properties available compared to previous quarter
• 37.2% of properties are over £1 million

Investment Opportunities:

• Flats are more competitive (14.3% under offer)
• Houses have fewer offers (11% under offer)
• Good opportunities for buyers willing to take on renovation projects
• Sellers are holding out, so focused searching is key

The overall message is that the Chelsea property market is stabilizing, with increased activity and opportunities for strategic buyers.

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