sales rise as mortgage market improves
Katherine O’Shea, Coutts Real Estate Director, said sales volumes had risen 7.2% in Q3 compared to the previous three months.
“They’re also up 14% on the 10-year average, demonstrating the resilience of the prime London property market,” she said.
Katherine added the mortgage market was “slowly improving” which should help boost sales further. The Bank of England cut interest rates in August to 5%, and the market expects rates to come closer to 3.5% this time next year.
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