Summer sales market has been surprisingly busy – LonRes
15 September 2020
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Property Industry Eye
August is usually a quiet month for the central London property market. But this year the market has been busier than usual, with a significant increase in vendors listing their homes for sale.
Usually new instructions in August fall back compared with July. In 2019 for example we saw 30% fewer new instructions in August compared with July. However, this year new instructions in August rose 13% compared with July.
Comparing this year with last shows the number of properties listed in August across London’s prime area almost doubled, up 97% compared with August 2019. This followed a 38% increase in July.