London home market outlook upbeat

Tuesday 21st February 2017 00:20 EST
 

House price cuts and the dip in the value of the pound have given a big boost to the prime London property market, with the number of homes under offer at its highest since before the EU referendum.

Sterling has fallen by 16% since June 23.

Financial Times reported properties in leafy central London areas that typically cost millions of pounds are selling at an average discount of 10.8% to the asking price, according to LonRes, a data firm.


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