Vendors in central London are achieving 97% of their guide prices, according to W.A.Ellis’s latest market report, as stock levels remain stubbornly low.
Capital values are up by 4.1% and transactions are up by 11% year-on-year for the September-to-November patch, but demand is, says WAE, going to carry on outpacing supply for some time. The relationship between “guide” and “asking” prices isn’t clarified, though, and we could do with some more information on how many of these prices have been reduced…
Richard Barber, partner in residential sales at W.A.Ellis: “Transaction
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