Prime London property sales continue to climb, according to Strutt & Parker.
The agent’s latest quarterly report shows a total of 834 homes were sold in Prime Central London (PCL) during the first quarter of 2014, 8.3 per cent higher than the quarterly average for the past decade.
The sub-£2 million market saw a slight dip, which the agent attributed to the Easter holiday, but the £2 million+ sector seemed unaffected, with buyers “continuing to pour in” amid global political turmoil.
Stephanie McMahon, Head of Research, comments: “Although the Sub £2m market stalled this quarter, the £2 -5m and £5m plus have seen exceptional growth both in values and volumes compared to the same period last year. We have seen a dramatic 47.2% increase in the value of homes sold during the first quarter compared to the quarterly average for the past ten years.”
Source: The Movechannel