London sees decline in million-pound home sales

New house price data from Lloyds Bank Private Banking has revealed a decline in sales of homes worth £1m or more in London, down 8%, with the capital's market share across the country of such homes falling to 57%, down 3% from 2017. Sarah Deaves, UK Wealth Director at Lloyds Bank, said: “Political uncertainty is likely to be influencing buyers’ decisions in the capital…Explanations for [nationwide] could be that homes outside of the capital are less likely to be used for investment with purchaser buying properties to live in”.

The Sunday Telegraph (06/01/2019)