The latest data on the London property market continues to show the impact that uncertainty in the run-up to the election is having, with sales down 26% in January. Sales of homes worth £1m-plus dropped 19%.
The data from the Land Registry also showed the average house price dipped 0.8% on the month in March, but rose 5.3% on the year – prices in the northeast fell 2.9%, while those in the southeast rose 11.3%. Prices in the capital rose 11.3%.
Separately, data from Foxtons showed commission income dropped 12% on the quarter in the first quarter.
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The Daily Telegraph, p. 11
The Guardian, p. 34
