There are signs of green shoots in the prime London housing market. January saw a rise in the number of properties going under offer and an increase in the number of new sales instructions coming to the market. Fall-throughs and withdrawals have also fallen. However, this data which is forward looking, is yet to translate into actual sales. As a result, values in January continued to fall slightly month-on-month, with the annual change in achieved prices across prime London falling to -7.1%, the biggest drop in almost five years.
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