Latest London Property News: December 2023
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Values across prime London remain largely in line with their early 2014 level according to Lonres’ latest monthly briefing. While November’s achieved sold prices recorded a small fall of 4.1% on the same time last year, they remain 1.6% higher than five years ago and 4.1% higher than 10 years ago. And as pointed out by Knight Frank’s Head of Residential Research, Tom Bill, it’s not often you can say the property market was stronger in November than in September, but it was this year. The reason is simple; the economic outlook has improved over the last three months. Inflation has fallen to less than 5%, the best five-year fixed-rate mortgage is now under 4.5% and speculation around the bank rate increasingly relates to the timing of the next cut rather than the size of the next rise. Buyer sentiment has been lifted and produced a very belated autumn market. |
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Contact UsIf you are considering selling your property or any residential property sales advice, please contact Nicholas Jaffray by telephoning: +44 20 3091 9311 or via email at: Nicholas@Jaffray-Estates.co.uk or visiting at: 42 Upper Berkeley Street, London, W1H 5QL.Full details of all our current properties for sale can be found via the company website: https://www.Jaffray-Estates.co.uk/Properties/Sales We look forward to hearing from you. |