2020
The London property market has remained resilient in the second quarter of 2020 despite the economic uncertainty caused by the coronavirus pandemic. According to a report published by Savills, the UK’s leading real estate advisors, the London property market has seen an increase in activity in the second quarter of 2020.
The report found that the number of transactions in London increased by 8.3% compared to the same period last year. This is a positive sign for the market as it indicates that buyers are still willing to invest in London property despite the current economic climate.
The report also found that the average price of a property in London increased by 1.9% in the second quarter of 2020. This is a positive sign for the market as it indicates that prices are still rising despite the economic uncertainty caused by the pandemic.
The report also found that the number of new listings in London increased by 4.2% compared to the same period last year. This is a positive sign for the market as it indicates that there is still demand for new properties in London.
Overall, the report shows that the London property market is still resilient despite the economic uncertainty caused by the coronavirus pandemic. The increase in activity and prices indicates that buyers are still willing to invest in London property and that there is still demand for new properties in the city.
This is good news for investors and homeowners alike as it shows that the London property market is still a viable option for those looking to invest or buy a home. It also shows that the market is resilient and can withstand economic uncertainty, which is encouraging news for those looking to invest in London property.