LonRes Research: Prime London Market Update - Autumn 2022 LonRes Research: Prime London Market Update - Autumn 2022
As we jump into Autumn, the prime London rental market continues to face the issue of limited stock. But, while the supply of homes available to rent is limited, tenant demand remains strong.
Meanwhile, over in sales, the events of the last two weeks have added an unwelcome degree of uncertainty to the UK’s economy and housing markets. But the fallout has also created an opportunity for some, with new instructions rising and the number of properties under offer both higher than the same period last year.
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Properties under offer and sold were up 23% and 20% respectively.
New instructions during the third quarter of 2022 were 21% lower than the same period last year.
Properties under offer were 29% lower.