London property market bouncing back from Covid


The flood of folk looking to escape London in search of more space has slowed to a trickle, figures fromsuggest.
It saw revenues for the year bounce 32% to £143 million thanks to a large increase in deals across the capital.
The London focussed firm suffered a bit last year due to the mooted “race for space” that saw home workers seek bigger properties with gardens outside town.
This year profits rose 75% to £41 million due to strong home sales, lettings and conveyancing.
Since 2020, London house prices have soared to an average of around £710,000.
Banks have lately reported a surge in mortgage applications as people chase property deals in the expectation that they might not be able to afford them later.
Source: Yahoo!Finance

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