Monthly Briefing: Prime London Market - May 2023

21 May 2023

A few key insights:

Sales market

• The prime London sales market was subdued in April, with prices flat and transaction levels down...
• The £5 million plus market picked up in April, after a slow March. Agreed sales were up 26.1% on last year...

Lettings market

• ... there are emerging signs that demand is starting to cool. Annual rental growth of 7.4% in April...
• ... New lets were down 26.2% on an annual basis and new instructions were 12.2% lower.

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