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Demand for property in prime central London has let by 6% since February and the Tory election victory looks set to give it another boost.

Maida Vale was the biggest climber with a 66% increase in demand, followed by Chiswick (54%), Islington (30%), Belgravia (22%) and Knightsbridge (21%).

Yet some areas in prime central London have declined sharply, notably Primrose Hill, where demand fell 71% since February, and St John's Wood, down 36%.

Demand also fell 30% in Fitzrovia and 16% in Kensington, according to the latest Property Hotspots Index from online estate agent eMoov.co.uk.

This monitors the change in supply and demand for properties over £2million in the 16 locations, by observing the total number of properties sold in comparison to those on sale.

The latest figures show the property freeze in prime central London has thawed since February

However, 44% of the areas in question have continued to decline substantially.

These areas would have been hit by the Mansion Tax had Labour come to power, but the election result will have restored confidence in buyers at the top end of the market.

The increased stock in prime central London could see property demand climb further, as sales begin to pick up.

Russell Quirk, founder of eMoov, said: "The uncertainty caused by the General Election was a large contributing factor, with many waiting to see the outcome before committing to a property above £2million.

"However with Labour's political presence now almost non-existent, taking the threat of a Mansion Tax with it, it will be interesting to see the data points for prime central London in two or three months' time.

"We are already aware of a significant increase in buyer activity by the well-heeled home owner in the higher echelons of the London market, since Thursday's election reprieve.

"It is most likely this is going to translate into a more buoyant picture in the months to come."

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