During August we took on 20 per cent more property instructions than we did last year. This is despite the fact that property stock levels are down by 15 per.
While the number of new applicants registering with estate agents is down on July’s figures – to be expected for August – the total number of applicants remains high. This further supports the trend identified last month. This showed increasing number of applicants registering with multiple estate agents and widening their search across several areas of London.
With property market revenue up 38 per cent on last year and no reported fall-throughs on property sales across any of our offices, it appears the riots have not had an effect on the resilient London property market.