Slowdown in prime property market in London appears to be easing

The slowdown in the prime property sales market in London appears to be easing with supply shrinking, according to the latest sector index report. The fall in the number of homes for sales is connected with Brexit uncertainty as sellers appear reluctant to market, the report from international real estate firm Knight Frank suggests. Overall prices in the prime outer London market fell by just 0.2% on a monthly and a quarterly basis but they are still 4.1% below where they were in May 2018. While in the prime central London market they are down by 0.3% month on month, 0.7% quarter on quarter and 4.9% year on year.

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