The last three months post referendum have been challenging in determining the status of the residential property market in Prime Central London, with transaction volumes 40% lower than this time a year ago. For UK buyers prices are lower, and overseas buyers are enjoying price falls plus a more advantageous exchange rate, spending even less. Those buying in dollars or dollar pegged currencies are paying around 30% less than that of the peak of market in 2014.London is arguably in the strongest buyer’s market since 2009 but it’s not likely to last long. Activity has been higher than expected especially after August, which is a traditionally quiet month. A sizeable proportion of transactions are being reported through new enquiries rather than existing searches. We are starting to experience a turn in the market with measured sensible vendors who want to trade at market value rather than previous speculative vendors, who have either withdrawn from the market or now want to sell. Areas like Mayfair are seeing good levels of activity which in turn we expect will spread to areas such as Belgravia and, Knightsbridge and into Kensington and Chelsea, and we expect to see improved transaction levels over Q4. We can expect to see improved transaction levels over Q4 with an estimated 25% more property available for sale.