Cash buyers dominate in Prime Central London as mortgage rates climb

The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.

'Regained optimism signals a spring rally' for prime property markets in and around London, says Strutt & Parker, as the estate agency stands by its 2023 house price forecasts despite a turbulent economic…

'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property…