Sales transactions down while lettings thrive in prime London property market.

Sales in London’s prime property market have continued to fall for the second month in a row in 2015, with transactions down 22% year on year.

According to real estate firm W.A. Ellis, a JLL company, this comes on top of a 34% year on year fall in sales recorded in January.

A breakdown of the figures shows that the most dramatic reduction is sales of houses within Belgravia, Chelsea, Knightsbridge and Kensington which have dropped by 100% from 40 sales in 2014 to 19 in the same period this year.

 

 

Source: Property Wire

 

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