Prime London Market Update

Our connection with the London Market has never been more important, with an abundance of buyers moving out of London for a quieter, more family friendly environment.  Offering your property to the London Market gives you a much wider audience of motivated and serious buyers.  Contact your local office for more information.
In this last quarter, it was the upper end of the sales market that enjoyed the greatest activity. However, looking at the whole year to date, LonRes data shows that transaction levels across prime London have been high with the number of properties sold to the end of September just 3% lower than the whole of 2019. What’s more, our latest under offer data, a lead indicator, suggests we could be in for a busy end of the year too.

Meanwhile, in the lettings market, the turnaround of fortunes has been dramatic. The high stock levels of a year ago are no longer, in fact LonRes September figures show that there were 68% fewer properties available than in 2020 and 38% less than in 2019. With competition for rentals soaring, discounts have fallen too.

Read about this and more in the latest monthly report: Prime London Market Update – October 2021.

 

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