Prime London Market Update
Summer 2022
As we head into the Summer, conditions in the prime London sales market appear to be returning to normal while, in lettings, stock shortages continue to challenge would-be tenants. In our latest quarterly Market Update, we report on how the markets have performed in the first half of 2022 and look at what might lie in store in the months ahead.
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Sales marketPrices across prime London continued to rise in June, up 7.2% over the year and 1.6% higher than their pre-pandemic average -
Sales charts
Activity levels in the first half of 2022 were 19% higher than the first halves of the three years prior to the pandemic
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Lettings market
The rental market has rebounded from last year’s lows and rents have risen above pre-pandemic levels amidst a lack of availability
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Lettings charts
Rents are..."28% higher in June than last year and 14% higher than the 2017-19 average"
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