Tag: Prime Central London
This is the first annual increase for six quarters.
Lettings and sales agent Benham and Reeves looked at the latest data from the Land Registry.
In 2019 transactions were up 15% compared to the previous year.
Meanwhile, it is predicted prices will increase by 13% over the next five years in Prime Outer London.
Knight Frank has seen the highest level of prospective buyers register with the firm for every new property listed in prime central London.
Monthly average prices rose by just 0.3% last month.
Prime Central London is predicted to be one of the strongest performing markets.
The number of exchanges has risen by 24% from the previous year.
Transaction volumes rose in Q3.
It also shows that transactions are still 12.5% less than the very lowest point in the global financial crisis.