Hybrid/online estate agencies’ market share of UK property exchanges remained at 8% in 2020, despite a 10% increase in the proportion of new instructions from 2019.
The average price paid in Prime Central London has fallen by 10% since the start of the Covid-19 pandemic – but some enclaves have seen dramatic prices rise.
West London agent Paul Cosgrove looks back on an extraordinary period for the capital’s property market, and explains why recent demand shifts are much more than a passing trend…
‘People want more from the places they live, both in the physical bricks and mortar as well as the immediate external surroundings’, says Canary Wharf Group after surveying 2,000 buyers.
The pace of property price inflation picked up dramatically towards the end of last year, according to the latest official UK HPI. London’s average property price has topped £500,000 for the first time, while the UK average has reached a record high of £250,000.