PRIME LONDON MONTHLY BRIEFING
Access the December 2024 issue from LonRes
A normal November follows an outstanding October for the prime sales market.
The lettings market is set for a quiet end to 2024, as rental growth remains stable.
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KEY FINDINGS INCLUDE:
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PROPERTIES UNDER OFFER RISINGThe number of properties going under offer rose by 20.4% compared to last November. -
INSTRUCTION LEVELS INCREASE
New sales instructions rose by 4.4% in November compared to the same month last year.
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Rate of Rental Growth Remains Steady
Annual rental growth across prime London increased slightly to 1.6% in November.
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Lets Agreed Decrease
LonRes data for November indicated an annual decrease of 12.5% in lets agreed and a 15.6% decrease in new instructions
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