Property sales in central London’s prime market saw a 20% boost in the third quarter of 2017, new data from LSL Acadata reveals.
This jump in property sales was seen in the capital’s most expensive boroughs: City of Westminster, Camden, and Kensington and Chelsea.
The boost in property sales was seen across the West End, which sits within the City of Westminster and the London Borough of Camden.
The data from LSL Acadata indicates that movement is returning to the central London sales market following a slowdown.
Peter Williams and John Tindale at LSL Acadata said: “Movement at the top end of the market helps to increase activity all the way down the housing chain”.
So, the findings of this report are positive following a general slowdown in the London market, and prime London in particular.
The slowing sales trends are generally considered to have been caused by Brexit, economic uncertainty and the recent interest rates rise.
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