Prime London Market Update - January 2021

25 January 2021

 

Inside the January 2021 issue

Sales Update

• LonRes data records that the total spent on all transactions in 2020 was just 6% lower that the previous year.
• In the final months of 2020, a higher number of sellers listed their homes, meaning we start the year with 51% more stock on the market than at the same point a year ago.

Lettings Update

• The rental sector saw a much busier end to the year than many expected with the number of new lets up 19% in Q4
• Both prime central London and prime London saw rents increase compared with Q3, up 3.7% in PCL and 0.6% in prime London. Only prime fringe saw rents fall, down a modest 0.8%. 

LonRes Charts

For sales

• New instructions - annual change with comparison to 5-year change (2015 - 2019)
• Achieved prices - annual change

For lettings

• LonRes Prime London Lettings Index | Q4 2020 - achieved rents - annual change compared to achieved rents - quarterly change)
• New lets - annual change

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Contact

Marcus Dixon
Head of Research, LonRes
T: 020 7924 6622
E: research@lonres.com