PRIME LONDON MONTHLY BRIEFING
Access the December 2023 issue from LonRes
Navigate the present-day property landscape, equipped with the latest insights, wrapped up in the December issue of our Prime London Market Briefing.
Emerging positive signs in prime London sales market as economy stabilises. Rents are still rising but rate of rental growth slows to two-year low.
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KEY FINDINGS INCLUDE:
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KEEP IT IN PERSPECTIVETransactions were down ... but 2023 sales look likely to end the year only slightly below their long-term average. -
TAKING STOCK
...this combination of activity means that there was 5.9% more stock on the market across prime London than a year ago.
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STAY HIGH
...the pace of annual rental growth slowed to 6.9%. However, rents remain 31.9% above their 2017-19 average.
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FOLLOW THE INSTRUCTIONS
Much needed stock levels continued to rise in November with new instructions increasing by 14.5% on the previous year.
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