Is it a stunt or a symptom of the central London’s stagnating housing market? A Knightsbridge estate agents is halving its fees for new vendors or landlords who register with it on ‘Black Friday’, November 27.
The Patterson Bowe agency says in recent months many vendors in its patch of prime central London have been holding off bringing their property to market due to concerns about stamp duty and other moving costs.
It says its “exclusive, one-time offer” may encourage more stock to “satisfy some of the pent up demand” that it claims has existed for much of this year.
“Black Friday seems to have established itself as the day of the year when most retailers offer huge one off savings. In spite of the fact that Christmas is coming and one might expect a quieter few weeks ahead, we thought we would join in the fun” says Stuart Patterson, owner and managing director of Patterson Bowe.
He says the offer applies to landlords - and even tenants - as well, but only on that one day.