| Abstrakt: |
The London luxury residential market has been experiencing a slowdown, with residential prices falling by 4.5% in June compared to the previous year. There were also 17% fewer transactions in June compared to the same month in the previous year. The general election earlier this month may have contributed to the market's decline, as potential buyers tend to wait for greater political certainty. However, with the election over and a stable government in place, there is hope that the market will revive. The market is heavily dependent on international buyers, and London's political stability compared to other locations may make it an attractive investment option. The market is also experiencing a lack of new stock, as many developers have slowed down projects due to economic conditions. However, there is optimism that the market will improve as buyers realize that there won't be much new stock available in the near future. [Extracted from the article] |
