Viewings of homes in prime London areas are up 50% since the EU referendum, as buyers look for bargains.
Knight Frank said sellers were factoring in the increased stamp duty cost for buyers, resulting in, for example, an 8.9% and 6.8% on-year drop in house prices in Chelsea and Kensington in August.
Initial expectations of a further slowdown in the prime central London market seem to have been avoided so far, the company’s head of London residential research, Tom Bill, said.
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