Residential instructions in London trebled in the week following the UK’s decision to leave the European Union, according to estate agents Douglas & Gordon.
It also said the number of sales agreed increased by 11% on the week before.
It said many of the deals were struck by those taking advantage of the weak pound in the immediate aftermath of the result.
At the current sterling/dollar exchange rate of US$1.31, London’s emerging prime areas are now 25% cheaper than they were two years ago.
Douglas & Gordon offices reported interest from applicants based in Nigeria, USA, UAE, Russia and China – all of whom are buying in US$ and most of whom were interested in property priced between £1m and £2m.
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