2022 was a mixed year for the prime London residential market. The first three quarters saw the continuation of the post-pandemic boom with rising prices and robust levels of activity. However, the political turmoil and resulting financial market stress put a dampener on the market in the final quarter of the year. Despite the turmoil, prices rose to just below their previous peak during 2022 and the top-end of the market boomed while demand for houses fell slightly relative to flats.
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