London’s prime market cooled in 2017

9th February 2018

The number of homes sold in the most expensive postcodes of London fell by 3.6% last year compared with 2016, according to property data provider Lonres, particularly in homes priced below £2m. Estate agents also reported an increase in the number of viewings and the amount of time a property spent on the market, while about 60% more properties were withdrawn from sale than in the previous year. The most common reason was cited as the inability to reach a price that that suited homeowners.

The Times (05/02/2018)