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Evening Standard
Evening Standard
Business
Simon Hunt

Rich buyers will sustain London’s prime housing market, says Savills

The UK property market has seen its third consecutive drop of buyer enquiries.

(Picture: PA)

Central London’s prime property markets will ride out of the cost of living storm with wealthy buyers who do not need mortgages still snapping up high- end apartments and houses, agent Savills said today.

The firm said it continued to expect luxury London homes to go up in value next year despite expectations of a UK recession. The average price of a property sold by the group in the past six months grew by 16% to hit £2.2 million.

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