We’re sharing our insights into the prime cental London property market this week in PrimeResi, warning that it will take a while before vendors accept that buyers are much more price-sensitive at the moment.
“I have found that there tends to be a long delay, in a market which is slowing, for that message to sink in for sellers that they need to be realistic about prices,” our managing partner Camilla Dell, commented. “We are just starting to see prices coming down a bit – even where we have been previously told that a seller is in no hurry – and some sellers are becoming more amenable to negotiation.”
Read the full article here.