14 March 2023
Prime Resi The housing market took a well-publicised turn following last year’s mini-Budget turmoil, and it seems vendors have been getting the message. According to LonRes, the average discount to asking prices across the prime postcodes widened to -8.4% in February, a marked shift from the -4.7% recorded in July last year. Last month’s average discount remains some way off the -12.8% seen in early 2019, but the movement “really highlights how pricing reality has changed relative to expectations over the last few months”, said the firm.
Sign up to the Lonres newsletter