Image Shapae
Image Shapae
Report highlights
Prime London sales values slip back while transactions remain broadly unchanged. Supply and demand begin to balance in the lettings market as rental growth stabilises.
Sales market
- The longer-term context is that activity in the first two months of the year so far is broadly in line with trends seen in the same months both pre-pandemic and in 2023, but activity has fallen back from levels seen in 2021 and 2022.
Lettings market
- The all-time lows for both discounts and price reductions were recorded in Q3 2022, indicating demand significantly outpacing supply. Since then, these metrics have fallen back closer to pre-pandemic levels.
