Monthly Briefing: Prime London Market - September 2024

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Image Shapae

Report highlights

An unsettled summer as London’s prime sales market slows over August. Low activity levels in prime lettings market but rental growth rises.

Sales Market

  • Average achieved prices are little changed this year, hovering around the £1,300 per sq. ft. level. In August, values were 4.2% lower than a year earlier and 0.6% higher than 2017-2019 (pre-pandemic) levels.

     

Lettings Market

  • Annual rental growth increased in August to 2.6%, with average rents across prime London 31.6% above their 2017-2019 (pre-pandemic) average.
 

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