8 August 2022
Prime Resi Economic storm clouds are now looming very large, but the Prime London property market was still in the ascendency last month. The very latest stats from LonRes paint a picture of high demand, low stock levels and rising values; prices are now within touching distance of their previous peak and activity levels are still well up on pre-pandemic times. Some interesting trends are at play – with PCL and apartments both underperforming Prime London and houses respectively – along with some encouraging signs for the remainder of 2022: under-offer numbers are well up on both last year and pre-pandemic times, suggesting deal numbers will continue to hold up, and stock levels do appear to be improving.
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