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
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 ...