Demand for Prime central London property falls

The prime central London property bubble appears to have burst as demand falls and a rush of new stock overlays the market. The demand for property in prime central London is dowlondon-property-falln -8% and the record of properties for sale apart from it have increased 21.3% since the start of the year according to a leading daily report. This confirms that the top end of the market is still in decline.

With the average property demand across the London up by 37%, the demand in prime central London is considerably lower than the rest of the capital.

Expert says: “Along with many others, it was predicted it would be a hard time for prime central London since 2014, and it seems this has now become true. Even though there are areas where demand is high, most remarkably Nottingham and Holland Park, but this is not enough to turn the rush due to the increase of stock overflowing in the market. With the prime central London property listing has increased by more than 20% since the start of the year, which will be a hard time for the high end estate agents.”

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