Sales volumes & values drop in PCL – but ‘pent-up demand is forming’
This year's falling prices and dwindling transactions may be "a short-term trend", says Knight Frank's Tom Bill, as more prospective buyers line up in Prime Central London
PCL prices fail to stabilise; volumes continue to slide
Prime Central London transaction levels are now almost 50% lower than they were five years ago, reports Strutt & Parker, while prices ended 2018 at the lower end of the forecast;
‘There is definitely pent-up demand brewing’ in London’s property market
Douglas & Gordon reports a "large rise" in potential buyer registrations, and positive price growth at the upper-end of the market
PCL sales are up 85% compared to last Summer – Dexters
"All the activity we are currently seeing gives us every confidence about the outlook for the Prime Central London property market," says Dexters. But others are less bullish.
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