LonRes Research: Prime London Monthly Briefing: August 2024 LonRes Research: Prime London Monthly Briefing: August 2024

PRIME LONDON MONTHLY BRIEFING

Access the August 2024 issue from LonRes

The prime London market will always keep you on your toes in this ever-changing property landscape. Ensure your business is up-to-date with any trends and shifts across the whole market.

In this latest edition, we report on the post-election bounce for London's prime sales market. Over in prime lettings, stock levels continue to recover.

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KEY FINDINGS INCLUDE:

  • A POSITIVE MONTH FOR SALES ACTIVITY

    Sales activity had its most positive month of the year so far, with 8.7% more transactions recorded than July 2023.

  • STOCK LEVELS RISE ACROSS PRIME LONDON

    There were 11.1% more properties on the market across prime London at the end of July than a year earlier.

  • A SLIGHT RISE IN RENTAL GROWTH

    Annual rental growth increased to 1.4% in July but remains below recent levels.

  • NEW INSTRUCTIONS RISE

    LonRes data for July indicated an annual increase of 9.7% in new instructions.

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