Prime Central London – April 2019
Both the Prime Central London sales and lettings markets are suffering from lower turnover than usual due to ongoing Brexit uncertainty.
Sales prices continue to soften but some pockets of the market are proving more robust than others, while the weak pound is boosting international demand. Rents are now rising but conditions remain sensitive in certain parts of the lettings market.
Key highlights include:
• Sales prices fell during Q1 2019
• A weaker pound is, however, encouraging overseas demand
• Rents increased in Q1 2019
• Rental turnover is down
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