Prime London Market Update - Summer 2022

15 July 2022

In our latest quarterly Market Update, we report on how the markets have performed in the first half of 2022 and look at what might lie in store in the months ahead.

As we head into the Summer, conditions in the prime London sales market appear to be returning to normal while, in lettings, stock shortages continue to challenge would-be tenants. In our latest quarterly Market Update, we report on how the markets have performed in the first half of 2022 and look at what might lie in store in the months ahead.

In this issue: Key highlights from the sales and lettings markets

Sales market

  • Prices across prime London continued to rise in June, up 7.2% over the year and 1.6% higher than their pre-pandemic average
  • Activity levels in the first half of 2022 were 19% higher than the first halves of the three years prior to the pandemic

Lettings market

  • The rental market has rebounded from last year’s lows and rents have risen above pre-pandemic levels amidst a lack of availability
  • Rents are..."28% higher in June than last year and 14% higher than the 2017-19 average"

Access the issue
Back to top