Monthly Briefing: Prime London Market - November 2024

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Image Shapae

Report highlights 

A strong October for prime London as year-on-year transactions and properties under offer increased. The rate of annual rental growth continued to slow, while the number of lets agreed and new instructions fell.

Sales Market

  • Measured by transaction levels, October was the strongest month in a long time. There were 55.8% more sales than last October.

Lettings Market

  • For prime London across all price points, the number of properties available to let were 0.8% higher at the end of October than a year earlier, but 44.4% lower than five years ago.

 

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