Activity in the prime London sales market in April was always likely to fall back after the spike in March, and so it proved. Prices fell slightly on an annual basis, while new instructions and price reductions continued to rise. There were 26.2% fewer transactions in April than the same month a year ago, and 22.9% fewer than the 2017-2019 (pre-pandemic average) April average. The number of properties going under offer was 15.7% lower than a year ago but 9.6% higher than the 2017-2019 (prepandemic average) April average.
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