Prime London Market Update
August 2021
A month on from a record-breaking June, the impact of the stamp duty holiday is still with us. July saw fewer exchanges, as sales, which under normal conditions would have occurred this month, were pushed forward into June.
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Sales marketJuly 2021 reported the highest number of sales at £5 million or more since 2015, whilst properties in lower price brackets saw the greatest fall in sales. -
Sales chartsTransaction volumes by price band | Change in achieved process - May to July 2021 | Annual chance in stock on the market
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Lettings marketLonRes data recorded a 4.3% annual increase in achieved rents across London during July 2021. Furthermore, 2.5% more new lets took place between January and July 2021 compared with 2019 levels for the same period.
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Lettings chartsAnnual change in stock on the market | Achieved rents in July 2021 - change since peak and annual change
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