Monthly Briefing: Prime London Market - May 2025

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Image Shapae

Report highlights 

Prime London sales fall back as stamp duty holiday comes to an end. Meanwhile in the prime London lettings market both the number of new instructions and lets agreed fall.

Sales Market

  • Prices fell slightly on an annual basis, while new instructions and price reductions continued to rise.
  • New instructions increased in April, up 8.1% compared to the same month last year and 29.2% compared to the 2017-2019 April average.
 

Lettings Market

  • Rents across prime London are now 33.9% above their 2017-2019 (pre-pandemic) average.
  • Broken down by price band, availability at higher rental values remains much closer to past levels.
 

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