Introducer Today: British buyers drive prime London sales
Thu 19 Nov 2015
British buyers are "emboldened" in the London property market and now account for nearly eight out of 10 newsales.
Overseas buyers account for just 21% of sales, as recent tax changes breed new caution.
Total buyer demand in London rose 4% during the third quarter, while supply of properties fell 5%.
Yet this hasn't translated into higher prices, with prime London property values still 0.8% lower than a year ago,despite a 0.3% rise in Q3.
Marsh & Parsons, which collected the figures, expects prices to rise by 4% next year.