said the number of sales agreed between sellers and buyers was just 1% lower last month than in March 2019 as borrowing costs edged down from their leap after the September 'mini-budget'.
As well as Britain's high inflation rate, the country's housing market is facing the challenge posed by the Bank of England's run of interest rate increases going to back to December 2021. Robert Sturges, central London area director at estate agents Chestertons, said demand for apartments was being driven by commuters looking to move closer to their work and overseas buyers taking advantage of favourable currency exchange rates.
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