London property prices: Capital carries on bucking the trend as people look to downsize - London - News - Evening Standard

London property prices: Capital carries on bucking the trend as people look to downsize - London - News - Evening Standard

The number of people looking to downsize
their home is nearly double that wanting to buy a larger property, new research
revealed today.

Britain's ageing population as well as a squeeze in lending are thought to be driving this trend, according to property website Rightmove.
Meanwhile, demand from first-time buyers continued to fall after the stamp duty holiday on homes between £125,000 and £250,000 expired in March.
Only in London was there more uptrading activity, bolstering evidence of a two-speed housing market in the UK, Rightmove added.