Monthly Briefing: Prime London Market - August 2024
20 August 2024
Post-election bounce for London's prime sales market, while stock levels over in prime lettings continue to recover.
A POSITIVE MONTH FOR SALES ACTIVITY Sales activity had its most positive month of the year so far, with 8.7% more transactions recorded than July 2023. STOCK LEVELS RISE ACROSS PRIME LONDON There were 11.1% more properties on the market across prime London at the end of July than a year earlier. A SLIGHT RISE IN RENTAL GROWTH Annual rental growth increased to 1.4% in July but remains below recent levels. NEW INSTRUCTIONS RISE LonRes data for July indicated an annual increase of 9.7% in new instructions.A few key insights:
Sign up to the Lonres newsletter