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

PRIME LONDON MONTHLY BRIEFING

Access the June 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.

Price reductions and new supply add to buyer choice in prime London sales market, while prime lettings growth slips but values remain high.

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KEY FINDINGS INCLUDE:

  • BUYER DEMAND REMAINS ROBUST

    The number of properties going under offer increased in May, it was up 4.1% compared to the same month last year. 

  • NEW INSTRUCTIONS CONTINUE TO RISE

    New instructions in May rose by 12.1% on an annual basis.

  • RENTAL VALUES REMAIN STRONG

    Growth of 1.1% is the lowest rate since August 2021, but values are still 28.3% above their 2017-2019 average. 

  • LETS AGREED ON THE RISE IN MAY

    LonRes data for May indicated an annual increase of 4.7% in lets agreed and a 4.3% increase in new instructions.

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