The median value of a London property increased by £1,400 last year, whereas property prices across the rest of the UK rose by an average of £2,400.
Commenting on this recent data, Black Brick Founder and experienced London buying agent, Camilla Dell shared her thoughts to Emma Magnus of The Standard this week.
“Sellers are having to be very realistic and willing to sell at really big discounts in order to achieve a sale in the current market,” she reflected. “London will come back and now is a great time to buy prime assets. We have been amazed by how much prime stock there is to choose from at the moment, and there are quite a few people who need to sell to the extent that they are willing to sell at a loss. Others have owned their properties a long time and so they are willing to be pragmatic about price.”
Read the full article here.