Liquid error: wrong number of arguments (2 for 1) Cash is king in prime London | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

Cash is king in prime London

Tue 26 Apr 2016

Cash is now king in the prime London market with six out of 10 of purchases made by investors or second-home
owners.

In prime central London this figure rose to three quarters of all property purchases.

Buy-to-let investors accounted for one in three prime London property purchases in the first quarter of 2016.

Second-home owners behind another quarter of sales in the run up to the stamp duty surcharge 1 April.

This means that 40% of property sales were made in cash, up from 34% in the previous quarter.

Overall, buyer-demand increased 9% year-on-year in prime London and by 19% in the outer prime belt as buyers
sought more affordable property, according to estate agent Marsh & Parsons latest London Property Monitor.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close