London luxury-home sales dip as buying season is 'wiped out'

London

LUXURY-HOME owners, who rushed to offer their houses and apartments for sale after the Conservative Party won May's national election, are finding that fewer buyers are interested.

In the city's prime central districts, such as Knightsbridge and Mayfair, 228 existing homes sold last month compared with 325 a year earlier, according to luxury property broker Huntly Hooper. Owners started marketing 653 upscale properties in the best areas during the period, the most since February, taking total availability to 3,287, the data show.