Prime London Market Update - November 2020

23 November 2020

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Inside the report

  • Sales update: The market may have been more subdued in the capital compared to the rest of the country, however activity is starting to rise with offers now translating into increases in sales (exchanges).
  • Lettings update: The number of new lets was the closest to 2019 levels in October than in any month so far this year, albeit still 7% lower. Stock levels are proving a challenge in most markets, with achieved rents falling as landlords accept lower offers to mitigate voids. 
  • Charts displaying key findings: For sales we bring you new instruction levels with a five-year average comparison and Transactions by property type - annual change. Our lettings charts reveal new instructions compared to both the previous year and five-year average as well as the latest on achieved rents and discount achieved.

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