Monthly Briefing: Prime London Market - December 2024

19 December 2024

A normal November follows an outstanding October for the prime sales market. The lettings market is set for a quiet end to 2024, as rental growth remains stable.

A few key insights:

PROPERTIES UNDER OFFER RISING
The number of properties going under offer rose by 20.4% compared to last November.
 

INSTRUCTION LEVELS INCREASE

New sales instructions rose by 4.4% in November compared to the same month last year.

 

RATE OF RENTAL GROWTH REMAINS STEADY

Annual rental growth across prime London increased slightly to 1.6% in November. 

 

LETS AGREED DECREASE

LonRes data for November indicated an annual decrease of 12.5% in lets agreed and a 15.6% decrease in new instructions

 

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