London Barometer

THE coldest March for 50 years and an early Easter has, unsurprisingly, delayed the start of the spring market. Valuations and new instructions in March were down 30 per cent on this time last year but the number of buyers registering is down less than half that. Given the on-going low levels of stock and seemingly steady demand, it would be reasonable to expect April to be busier than usual. Sellers expectations are high, perhaps a bit too high in Prime Central London (PCL), and if transactions are to pick up, agents will have to tackle this.