Prime buyer demand rises in London, except for £10m+ homes
Estate agency Benham & Reeves has ranked which prime London areas and price brackets are seeing the highest levels of buyer demand.
Price rises are an ‘unmistakable sign of recovery’ for prime London’s property market
“We are not on the verge of the sort of dramatic double-digit bounce-back in prices,” says Tom Bill, head of UK residential research at Knight Frank.
More spent on super-prime homes in London this year than last, despite the pandemic
Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.
‘Momentum is building’ across prime London as buyers & tenants take advantage of lower prices
Prime London Market Snapshot: The latest data on PCL and POL from Knight Frank.
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‘Big ticket buyers returned to the capital’ in Q2, claims agency
Benham and Reeves' index of prime buyer demand increased from Q1 to Q2, but remains down on an annual basis.