LonRes Research: Prime London Market Update - April 2021

Prime London Market Update

April 2021

The run-up to the end of the stamp duty holiday on 31 March was always going to be a busy time for the housing market and prime London was no different. Encouraging news on the vaccine roll-out, together with a detailed roadmap out of lockdown, has resulted in a surge in sales activity over the first quarter of the year, as market confidence returns.

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  • SALES MARKET

    Activity picked up in the final month of Q1 2021 following the news of a stamp duty holiday extension, with 24% more properties listed in March 2021 than the five-year average (2015 -2019).

  • LETTINGS MARKET

    The average number of days a property remains empty between tenants fell in Q1 2021, from a high of 66 void days in Q4 2020 to 63 this quarter.

  • LONRES CHARTS

    For sales: 'Annual change in achieved prices by property type - Q1 2021' and 'Sales by price band - Q1 2021'. For lettings: 'Properties on the market to let - annual change' and 'Achieved rents - annual change'.

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