London property market

London Property Market: more activity in the last 8 weeks than the previous 2 years

Halleluiah, there has been more activity in the last eight weeks in the London Property Market, than in the past two years.

After all the negative effects of the Stamp Duty hikes, Non Dom changes etc., the middle to upper sectors of the London property markets have been in a parlous state. Values have been dropping by 25%, or more, and the time taken to sell properties in excess of £5million, has increased from say six months to 18 months. Frankly, in 40 years of trading I have not witnessed such an extended malaise, without any end in sight.

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