Prime London Market Monthly Briefing May 2023

Prime London Market Monthly Briefing May 2023

Prime London sales activity remained low in April. In fact, agreed sales for the month were at a record low, excluding the lockdown-affected April 2020, and down almost 35% on a year earlier. However, sales taken over the course of the year to date are only 1.4% below the 2017 to 2019 (pre-pandemic) average. In a sentiment-driven market with price falls widely forecast, buyers are clearly playing a waiting game just now.