Prime London Market Update - Summer 2024

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Report highlights

In this edition, we’ve included an analysis of our recent Agent Survey, which saw responses from over 500 property professionals on the LonRes network. Thank you to all those who contributed and helped us paint a comprehensive picture of the current market. 

Sales Market

  • 54% of agents reported higher demand for properties under £1m while only 17% thought it had fallen – a net balance of +37.
     

Lettings Market

  • Rents in prime central London were broadly unchanged in Q2, with a 0.7% quarterly rise resulting in annual growth of 0.3%. The inner prime and fringe catchments performed slightly better, with annual growth of 1.8% and 3.4% respectively.
     

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