Prime London Market Update
Winter 2024/25
Image Shapae
Image Shapae
Report highlights
Discover the ins and outs of the prime London sales and lettings markets this Winter. This edition includes an exciting addition to commemorate LonRes’ 25th anniversary – a look at trends over the last 25 years, offering a holistic view of prime London’s past and present.
Sales Market
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With instructions rising faster than sales for most of the year, stock on the market for sale has been increasing – at the end of 2024 it was up by 10.7% across prime London compared to a year earlier. However, a detailed look at this data reveals a more nuanced picture.
Lettings Market
- The latest LonRes Prime London Rental Index recorded a quarterly increase of 2.7%. Annual growth accelerated through the year to hit 4.9% in Q4. Prime central London was the best performing area for the quarter and the full year, with growth of 4.2% and 7.1%.
LonRes Turns 25 Years Old
- In general, the highest achieved price each year has been rising, but the £200m deal from 2000 stands out from the overall trend.
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