Chart of the week: London – The PCL market has been re-priced

The chart above taken from Tom Bill’s new London Review reveals that the average discount in the so-called golden postcodes of Belgravia, Knightsbridge and Mayfair in 2019 compared to the five-year average was £150 per square foot for existing homes. However, the impact of some of these demand drivers will be more short-lived than others, potentially creating an incentive for buyers and sellers to act in the short-term.