Prime London sales recover

In prime central London the number of home sales over the summer jumped 14% compared with last year, while new instructions rose for the first time in more than a year and are now up 9% on last year. Homes priced at less than £2m saw a 26% surge in sales in the three months to September; in the £2m to £5m bracket the rise was 12%; however in the top end of the market transactions were down 29%. Prices also fell almost 6% in the third quarter compared with last year, according to LonRes, which compiled the figures.

Evening Standard (18/10/2019)