New data has indicated that the growth in central London transaction volumes continued throughout last month.
In comparison to the first seven months of 2016, this year saw the number of residential exchanges up by 5% according to the Prime Central London Sales Index.
Although political uncertainty has hindered sales volumes slightly since April, volumes during the 6th and 7th months of this year were 21% greater than the same period in 2016.
Whilst these figures appear to mirror the trend of stabilisation which has underpinned market activity throughout 2017, it is important to note that this has not occurred uniformly across the board.
Demand indicators from Knight Frank seem to show a positive outlook in terms of activity, with the number of registered prospective buyers growing by 8% over the first seven months of 2017 compared to the same time last year.
During the same period, viewing levels were up by 14%.
Over the eight months to August 2017, the level of housing supply was down 17% in comparison to the correspondent period last year, a fall which has mainly been attributed to the stamp duty surcharge in April 2016.
In terms of overall stock, the figure for August this year was 9% higher than at the same point in 2016.
