London housing shows signs of life despite Brexit uncertainty

London

THE London property market has begun to improve in the past few months, despite uncertainty.

LonRes, a property data firm that covers about 95 per cent of agent transactions in prime London and about 50 per cent of agents in Canary Wharf and further out in central London, finds that seller price discounts have begun to attract buyers.

"Analysis of prime central London LonRes data shows the number of properties going under offer is rising," says Marcus Dixon, the head of research at LonRes.

In the second half of 2018, the number of prime London property deals rose by 6 per cent compared with the same period in 2017. This followed an 8 per cent fall in the first half of 201…