LonRes Research: Prime London Market Update: Spring 2024 LonRes Research: Prime London Market Update: Spring 2024

PRIME LONDON MARKET UPDATE

SPRING 2024: READ NOW

Your quarterly update on the very latest property market movements in prime London.

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  • Sales market

    At the end of March there were 9.7% more homes for sale across prime London than a year earlier.

  • Sales Market continued...

    After falling back slightly in 2023, the value premium for houses versus flats has stayed above pre-pandemic levels, at 11.9% in Q1.

  • Lettings market

    Rental growth stabilised in Q1 2024 after slowing from the 20%+ peak seen in 2022.

  • Lettings market continued...

    New lettings instructions grew by 14.4% in Q1 2024 on an annual basis.

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