London calling, but only a fool rushes in

For investors or those offloading property assets in London, the advice is to keep a cool head in its feverish post-lockdown market

Overvaluing prime property is rife among agents, particularly in prime central London

In much the same way that ceasing market activity during the first lockdown had the effect of creating much pent-up demand in Ireland’s property market, the London market reacted the same way with house prices hitting an all-time high during the summer.

According to Land Registry figures, prices increased by 3.6 per cent in June alone thanks to a resurgence of activity following the Covid-19 related restrictions.

That period marks the highest price growth since ...