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Knight Frank sees London buyer registrations jump to a 15-year high

New data from Knight Frank has revealed that the number of new prospective buyers registering with the estate agent in London rose to its highest weekly total in more than 15 years in the second week of January, 92% up on last year.

Knight Frank does not reveal exact numbers but the figure was 92% higher than the same week last year and 95% up on the same period in 2018. Furthermore, the number of viewings across London rose to its third highest total in 15 years on Saturday 11 January.

The registration of new buyers typically spikes in January but this year has seen an unprecedented uptick. “We had our busiest ever Saturday for viewings this week,” said Christopher Burton, head of Knight Frank's Dulwich office. “The second half of last year was active as buyers ventured back into the market but interest has exploded at the start of this year.”

Tom Bill, head of London residential research at Knight Frank, added: “The reasons for this uptick include the relatively benign global economic backdrop, ultra-low mortgage rates, the currency discount and the fact prime residential markets have re-priced in response to political uncertainty and tax changes.”

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