Buying agents seeking £1.2bn of prime property

8 July 2020

Property Industry Eye

The figures come from the business-to-business property platform’s retained agent alert, which launched last year to enable buying agents to register a client’s property requirements directly to prime London selling agents across the 6,500-strong network.

The value of client requirements was at £585.5m at the end of 2019 and at £6m daily on average.

From January to mid-March it rose to £1.08bn based on total value and £14.4m daily average before dropping to £287m and a daily average of £4.9m during lockdown.

However, the total value of client requirements has risen to £1.2bn since the market reopened in May, at £22m daily on average, LonRes said.

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