Activity surges in Prime London as confidence returns

New instructions have been running at double the levels of last year and more properties have been going under offer, but transaction volumes are taking a while to catch up...

The £5m-plus market has been flying over the last three months, reports LonRes, with exchanges up by nearly 20%.

Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.