The short period between the December 2019 general election and the first lockdown in March 2020 was an important one for London's prime market. Not only were a number of high-value deals agreed in the first two months, but it also provided a much-needed boost for prospective buyers; meaning they returned with confidence when the market re-opened in May.
A year on and this January was obviously very different to last. For lettings, the flurry of activity we saw in the fourth quarter has slowed, albeit with the number of new lets in January remaining above 2020 levels. More properties sold this January too, though both new instructions and homes put under offer were lower this year than last.
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