Image Shapae
Image Shapae
Report highlights
Last month saw a flurry of activity across the prime London sales market, with a rise in instruction levels and a rebound for £5m+ properties. Plus, another month of rental growth over in the lettings market.
Sales Market
- February saw the first annual rise in prices for prime London since June 2023.
- On the supply side, new instructions increased by 24.0% in February compared to the same month last year and were 47.5% above the 2017-2019 February average.
Lettings Market
- Annual rental growth increased to 6.0% – the highest in 16 months – and took rents to 33.3% above their 2017-2019 (pre-pandemic) average.
- Over the past 12 months, 3+ bed flats have seen the largest rises, with annual growth reaching 13.9% in February 2025.
