LonRes: There isn’t enough buyer urgency to get deals done

17 August 2023

Estate Agent Today 

New analysis from the property data company shows the summer slowdown in July meant activity and values fall across the prime London sales market.  

Achieved prices were 2.6% lower than July last year, while transactions were 26.1% lower annually and 9.1% below the pre-pandemic average.

The number of properties under offer in July was 30% lower than a year earlier and new instructions were down 12.4% on the same basis, LonRes said.

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