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Evening Standard
Evening Standard
Business
Joanna Hodgson

First quarter London office sales slump as mini-budget continues to hurt property market

London JLL Central London

Investor spend on London offices plunged by more than 60% in the first three months of the year new figures reveal, as volatility following September’s disastrous mini-budget continues to hurt the property market.

Preliminary data from property agent JLL shows £2.1 billion of central London offices were transacted in the first quarter, of which £1.4 billion was done in the City and the remainder in the West End.

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