Monthly Briefing: Prime London Market - November 2024

18 November 2024

A strong October for prime London as year-on-year transactions and properties under offer increased. The rate of annual rental growth continued to slow, while the number of lets agreed and new instructions fell.

A few key insights:

STRONG MEASURES
Measured by transaction levels, October was the strongest month in a long time. There were 55.8% more sales than last October.

HIGHER STOCK LEVELS
The stock of available homes for sale also grew in October and was 10.6% higher at the end of the month than a year earlier.

RATE OF RENTAL GROWTH FALLS

Annual rental growth across prime London fell slightly to 1.4% in October.

STOCK LEVELS
The stock of available rental properties increased slightly, with 0.8% more homes on the market than a year earlier.
 

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