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The UK property boom looks set to continue

The UK property boom looks set to continue
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House prices in Prime Central London down 4.3% | Mortgage Introducer


House prices in Prime Central London declined 4.3% in the year to January 2021, according to Knight Frank.
In Prime Outer London, average prices fell 2.9% in the year to January which was the smallest decline since the first national lockdown last March.
The number of transactions in Prime Central London was 12% higher in January 2021 over January 2020.
In addition, the number of new prospective buyers was 14% higher than the five-year average in January.
The total number of market appraisal valuations was 27% below the five-year average as more sellers than buyers hesitate during the third national lockdown.
Analysing transactions over 2020, the £5m to £10m price bracket in Prime Central London noted the greatest rise in the number of sales, up 16.1% from 2019. ....

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