LonRes Research: Prime London Market Update - September 2021 LonRes Research: Prime London Market Update - September 2021

Prime London Market Update

September 2021

Size continues to matter to London buyers this summer as LonRes data reveals that the average size of properties sold in July and August was 20% higher than the 2016 to 2019 average. By contrast, in the lettings market the opposite has been true with an increase in prime London tenants choosing location over space, as workers head back to the office.

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  • Sales market

    In July and August 2021 prime London properties sold were 20% or 253 square foot larger than the 2016 to 2019 average

  • Sales charts

    Transaction volumes by price band pre and post SDLT deadline  |  Change in achieved prices - August 2021 

  • Lettings market

    With less stock on the market and increased competition, August recorded a 2.8% annual increase in achieved rents

  • Lettings charts

    Average void days  |  Achieved rents in August 2021 - change since peak and annual change

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