Property demand falls in Central London
The latest data from central London property index from hybrid estate agent eMoov shows that the five areas where the demand is at its lowest are MayFair at three per cent, St. Johns Wood, Knightsbridge and Belgravia all at four per cent and Fitzrovia at five per cent. The only places to have seen a positive uplift in demand for property over the last three months are Holland Park at 44 per cent, Marylebone at 38 per cent, Notting Hill at 17 per cent and Primrose Hill at nine per cent.According to Russell Quirk, eMoov chief executive officer, this slowdown was always likely to happen as these areas of London rely heavily on high end foreign investment and second home visitors to survive.
Tags : INTERNATIONAL