Monthly Briefing: February 2023
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The prime London sales market adjusts to the 'new normal', while the rental market growth shows signs of slowing. Read more below.
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Sales marketSellers are more realistic about pricing, with the highest number of price reductions recorded in January since 2018. -
Sales Market continued...
Average achieved prices across prime London fell over the year, recording a -1.4% fall.
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Lettings market
Rental growth across Prime London fell back into single digits in January (9%) for the first time since October 2021.
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Lettings market continued...
In January 2023, rents were 18% higher than their pre-pandemic average.
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