Prime London transactions dwindle as supply outpaces demand
'Activity in the property market is likely to soften as the Westminster drama escalates further,' warns Knight Frank's research chief following the Green Party's by-election triumph.
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The main risk for the housing market now is political – Knight Frank
Lower mortgage rates should underpin demand, but this week's by-election outcome may shape sentiment, explains the agency's head of UK resi research Tom Bill.
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Property prices are already ‘bunching’ around new mansion tax thresholds
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Prime London buyer demand ‘stays firm despite vast economic uncertainty’
Q1 saw a slight increase in the proportion of open-market £2mn+ property listings that had already secured a buyer.
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