Prime London Market Update - Winter 2022/23

24 January 2023

Not only are we sharing with you the very latest in prime London property data from the quarter, but we are also sharing data that rounds up the market activities across the whole of 2022.

Report highlights

Sales market:

  • Sales of both flats and houses fell in 2022 compared to the stamp-duty holiday boosted in 2021. However, the fall in house sales was larger and so the gap narrowed.
  • Sales across all price bands were higher than their 2017-2019 average during the year, despite the fall in the final quarter.

Lettings market:

  • The lack of homes to rent and strong tenant demand helped increase prime London rents to new record highs in 2022.
  • The average discount to average rents fell to near zero in 2022.

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What can LonRes reports and data be used for?

  • Open discussions: Start having informed conversations with your colleagues in the office and gain ideas and insights for your areas.
  • Pitch perfect: Use the latest reports in your pitch packs to offer your potential clients an independent view of the marketing conditions. This will demonstrate why now is a good time to sell, rent or bring a property back to the market. 
  • Rapport: Grow your clients' trust and confidence quickly by wowing them with market facts.
  • It's a deal: Use the data to support any advice you give to clients on the best possible strategy for selling or letting their property.
  • Relationship building: Compliment your market expertise by providing your applicants with the latest market information on prices, activity, discounts and more. 
  • Plus so much more...

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