No sign of price slowdown in Prime London – LonRes
8 August 2022
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Economic storm clouds are now looming very large, but the Prime London property market was still in the ascendency last month.
The very latest stats from LonRes paint a picture of high demand, low stock levels and rising values; prices are now within touching distance of their previous peak and activity levels are still well up on pre-pandemic times.
Some interesting trends are at play – with PCL and apartments both underperforming Prime London and houses respectively – along with some encouraging signs for the remainder of 2022: under-offer numbers are well up on both last year and pre-pandemic times, suggesting deal numbers will continue to hold up, and stock levels do appear to be improving.