Prime London Market Update - Spring 2024

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Report highlights

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

Sales market

  • Over the past decade houses have always attracted a premium over flats across prime London on a £ per sq ft basis, but by the end of 2017 this was down to 1.1%. By Q1 2020 it had grown to stand at 7.0%.
     

Lettings market

  • Broken down by property type, rents in Q1 2024 for all types are around 25-30% above their Q4 2019 level. But they have reached this point via different trajectories. Rental values for houses barely fell in 2020, and have climbed steadily since to reach +29.9% relative to Q4 2019.
     

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