Bloomsbury has literary pedigree, elegant squares and falling property sales

12 March 2021

Financial Times

This area on the edge of the West End — between Fitzrovia, Covent Garden, Holborn, King’s Cross and Clerkenwell — is relatively affordable compared with its neighbours, and the pandemic has reduced rental demand for flats, which predominate in the area.

The number of property sales has fallen sharply. In the 12 months to February, there were 39 per cent fewer sales in Bloomsbury compared with the previous year, according to LonRes, which tracks the property market in the capital’s exclusive, central areas. In 2020, the average price paid for a flat in Bloomsbury was £896,773 — down just 2 per cent on 2019 — but no houses sold at all last year.   

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