LonRes Research: Prime London Market Update: Winter 2024/25 LonRes Research: Prime London Market Update: Winter 2024/25

PRIME LONDON MARKET UPDATE

WINTER EDITION 2024/25

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

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  • Sales market

    Sales volumes for the full year finished 4.9% up on 2023 and 10.0% above the pre-pandemic average.

  • Sales Market continued...

    Q4’s under offer numbers grew by 21.3% on an annual basis, indicating a healthy pipeline of future sales.

  • Lettings market

    With rents rising and sales values relatively unchanged, yields across prime London increased in 2024, continuing the trends.

  • Lettings market continued...

    The latest LonRes prime London Rental Index recorded a quarterly increase of 2.7%.

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