GCB in East Sussex Lane sold for $22.5m

MARKET watchers are hopeful that activity in the Good Class Bungalow Areas will pick up from the second quarter following a slow 2013, which saw the number of transactions halve to 27 deals worth $650 million from 54 deals totalling $1.17 billion in 2012.

The first quarter is expected to be quiet as potential buyers continue to monitor the market, although what is believed to be the first deal has been inked.

An option is said to have been granted earlier this month for the purchase of a property in East Sussex Lane off Holland Road.