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TODAY'S OTHER NEWS

Big fall in Prime Central London transactions pre-election

Prices in Prime Central London dipped again in November according to the property investment consultancy London Central Portfolio.

Monthly average prices fell by 0.9 per cent to £1,749,172. 

Transactions also fell by 1.8 per cent.

Over the course of 2019 prices are down 4.1 per cent while transactions collapsed 11.4 per cent to a mere 3,144 annually - an average of just 60 a week.

The new build sector, on the other hand, picked up in November. 

Prices plateaued - having experienced a modest fall over the year of 1.5 per cent - to stand at £2,855,197. 

Transactions also saw a modest monthly increase of 2.3 per cent having dropped a massive 56.6 per cent over the year to just 271.

The consultancy, in its latest market snapshot, says: “All eyes are now on the impact of the General Election ... With the threat of a far-left Labour government removed, sterling still weak and prices suppressed, a wave of capital may be welcomed into the market.”

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