According to Knight Frank, buyers are growing in London
According to a report by Knight Frank the British capital, London, is attracting increasing numbers of buyers.
According to the real estate research company, the number of potential buyers in London increased while sales slowed down due to Bretix. Nevertheless, the ratio of potential buyers rose to 5.9 in January, compared to the same period last year.This growing pent-up demand suggests that “activity levels will increase as political clarity returns,” Tom Bill, head of London residential research at Knight Frank, said in the report.
House prices in London were the scene of a moderate fall. Home prices fell by 4.8 percent in February. Real estate prices in London are moderately falling as follows: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, Tower Bridge and Victoria.
The most moderate price declines in central London were over $ 10 million in homes. According to the data, it fell 2.4 percent in homes above 10 million pounds.
A decline of $ 1 million in homes fell. These homes fell by £ 5.8 million last year.
“Reasons for this stronger performance include the favorable exchange rate, price reductions and buyers who are able to see beyond short-term political uncertainty and see the long-term appeal of living in London,” Mr. Bill said.
Sevdenur Demir / [email protected]