As we near the end of what has undoubtedly been a challenging year, London’s prime market has proven to be surprisingly resilient. Despite the challenges facing the market, with offices shut and overseas buyers grounded, prices are still 1% higher than they were a year ago and the number of vendors accepting offers on their homes continues to surpass 2019 levels. 2020 has been a difficult year for the lettings market too. Fewer prospective tenants and an increase in stock has meant landlords have had to be more competitive to secure the best tenants. But activity is increasing and the number of new lets this month suggests more tenants are returning to the market.Continue reading “Prime London Market Update: December 2020” »
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