Buyers and sellers are bouncing back into London's prime property market as new figures show the number of deals over the summer jumped 14 per cent compared with last year
If you are thinking of putting your home on the market before Christmas but are worried about Brexit, new figures today might be the news you are waiting for.
In prime central London the number of deals over the summer jumped 14 per cent compared with last year, suggesting that buyers and sellers are bouncing back into the market.
The increase was particularly strong for homes priced at less than £2 million with a 26 per cent surge in the three months to September compared with last year.
In the £2 million to £5 million bracket the rise in deals was less marked at 12 per cent. Only the top end of the market remains in Brexit deep freeze, with transactions down 29 per cent.
New instructions rose for the first time in more than a year and are now up nine per cent on last year.
https://www.homesandproperty.co.uk/luxury/property/prime-london-property-market-gets-prebrexit-boost-homes-priced-below-2-million-see-biggest-jump-in-a134146.html