Knight Frank: Pent-up demand rising in the PCL

Michael Lloyd

December 5, 2019

parliament housing minister

Pent-up demand is building in the prime central London market, Knight Frank’s Prime Global Cities Index has revealed.

For every new property listed in prime central London in September, 14 new prospective buyers registered with Knight Frank, the highest level in more than 10 years.

Paresh Raja, chief executive of Market Financial Solutions (MFS), said: “2019 has been a year dominated by uncertainty, yet when it comes to the prime central London property market, buyer demand for real estate in the capital has not waned.

“In fact, the latest findings from Knight Frank suggest that buyers are eagerly watching the PCL market for new opportunities.

“Once the General Election passes, and there is greater clarity concerning Brexit, I have no doubt we will see a notable increase in the number of transactions taking place, resulting in rising house prices and more market competition.”

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