Sales Market:

• Caution all around for prime London sales market as Budget approaches.

• High stock levels continue – The stock of available homes for sale at the end of October was 17.1% higher than a year earlier.

• Sold price falls – Average achieved sold prices fell by 5.8% on an annual basis in October. Compared to 2017-2019 (pre-pandemic) levels, values were 4.9% lower.

Lettings Market:

• Lettings supply rises while rental growth remains low.

• Average rents remain strong – Annual rental growth of 2.2% was recorded in October across prime London, with average rents 38.5% above their 2017-2019 (pre-pandemic) average.
  

• Lets agreed and new instructions both on the up – LonRes data for October indicated an annual increase of 8.0% in lets agreed and a 61.5% rise in new instructions.

Get all the insights and download the November 2025 report below: