Prime London Market Update - Autumn 2024

30 October 2024

Your quarterly update on the very latest property market movements in prime London for Autumn 2024.

Report Highlights

In addition to the usual detailed analysis of the sales and lettings markets, this edition includes an exclusive segment on 'Neighbourhood Numbers', highlighting key trends at a local level and offering a closer look at the latest prime London data.

Sales Market

  • There were 12.7% more homes for sale at the end of September than a year earlier. 
  • Relative to the 2017-2019 Q3 average, new £5m+ instructions were up 86.5%.

Lettings Market

  • There were 8.9% more homes on the rental market across prime London at the end of September than a year earlier. 
  • The average yield across Prime London in Q3 was 4.56%, well above 2014-2020 levels when they averaged around 3.5%. 

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