London’s “stalling” amid a prime property stalemate between sellers who are refusing to cut prices and buyers who won’t offer more, The Financial Times has reported this week.
Sharing insight into the current situation, Black Brick Founder Camilla Dell shared: “We have lurched from one crisis to another and although the latest issues in the banking sector don’t directly impact London property, they affect sentiment and people’s investment portfolios,”.
“If people are feeling less wealthy, they are going to be nervous.”, she continued, reflecting on why people are being extra stubborn about their budgets this year.
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