Prime London Market Update - August 2021

23 August 2021

After a record-breaking June, how did London's residential markets perform during July? LonRes data reports that more properties were sold and let between January and July this year than in the same period in 2019. 

Find out more

Inside the August 2021 issue
 

Sales market update

  • 2021 reported the highest number of July sales at £5 million or more since 2015.
  • As the stamp duty holiday ended the number of properties sold below £1 million was down 58% from the 2015 - 2019 July average.
  • Prices across prime fringe areas saw the highest annual increase, up 4.3% on 2020 and 5.4% higher than 2019.
  • Sales charts: 'Transaction volumes by price brand - July 2021', 'Change in achieved prices - May to July 2021' and 'Annual change in stock on the market'.

Lettings market update

  • July recorded a 4.3% annual increase in rents
  • Stock levels return to more manageable levels, with 44% fewer properties available now than at the end of July last year.
  • New instruction levels are 25% lower than the 2015 - 2019 average between January and July 2021.
  • Lettings charts - 'Annual change in stock on the market' and 'Achieved rents in July 2021 - change since peak and annual change'.

Access the issue

Contact

Marcus Dixon
Head of Research at LonRes
T: 020 7924 6622
E: research@lonres.com

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