While 2023 was a mixed year for the prime London property market, it could be argued that we start January 2024 in a slightly better place than the January of 12 months ago. While there are some new downsides to consider, chiefly an escalating conflict in the Middle East and a General Election campaign looming, the good news is that inflation has fallen and interest rates are starting to follow, providing a boost to sentiment. However, we ended Q4 2023 on a subdued note with activity levels across both sales and lettings down on Q4 2022.
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