Marylebone’s property market in suspended animation
27 March 2020
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London’s prime property market, like the rest of the country, is in a “state of suspended animation”, says Ed Lewis, head of London residential development sales at Savills.
After the Conservative party victory in the December election, business had been improving in Marylebone, a chic area of central London that runs between Oxford Street and Regent’s Park. But since the spread of coronavirus caused a shutdown of businesses across the country, viewings have slowed to a trickle.
“From a seller’s perspective, the Asian markets have come out the other side of this thing and are pretty much operational again,” says Lewis, “but make no mistake, it’s been an awful week”.