Nick Millican is a renowned real estate agent that has over a decade of experience leading real estate investment and management firms. He joined his current firm in 2012 and has since helped position it as a premier London developer and asset manager. 

In addition to his professional work, Millican is also known for his philanthropic work. He is a Director and Trustee at Chickenshed Theatre, an organization known for providing inclusive performing arts opportunities to individuals of all abilities. Real estate agent Nick Millican´s expertise and skills have proven to be valuable to the organization. 

According to new data analyzed by real estate expert Nick Millican, housing affordability in London has reached its highest point since 2016. The average London property price is now just 13 times higher than average local earnings, down from a ratio of 15 in 2016, reveals the real estate agent. While improved affordability is a positive trend, Millican notes that mortgage rates remain high after doubling since 2012. 

However, buyer demand is strong, up 21% in London. Supply has also grown 22% year-over-year, giving buyers more choice. Nick Millican observes that interest is consistent across London, signaling a potential wider market recovery after years of underperformance versus other areas of the UK. 

But he cautions sellers to price realistically, as London is still a buyer’s market. With more listings and higher demand, real estate agent and asset management expert Nick Millican foresees sales volumes rising after hitting an 11-year low in 2023. However, rising prices are unlikely in the short term. Millican advises sellers to understand today’s challenging dynamics to succeed in the current market.