LonRes Research: Prime London Market Update - June 2021

Prime London Market Update

June 2021

LonRes data shows that the number of properties sold in the first five months of 2021 is the highest since 2014. For lettings, stock levels are falling and rents appear to be recovering from their lows of early 2021. Our latest report combines the latest analysis with market sentiment as we reveal the results from our spring agent survey.

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  • Sales market

    Comparing May 2021 with 2019 shows new instructions rose 33% and were up 8% on the five-year (2015-2019) May average.
  • Lettings market

    The number of properties let in the three months to May are up 9% on 2019.
  • Agent survey results

    Our LonRes agents share their experiences of the market and report on the key changes impacting their sector. For sales, agents report on London to country demand, changes in buyer-types and more. For lettings, we asked about stock levels by property type, changes in the number of landlords looking to sell and more.

  • LonRes charts

    For sales: 'New instructions, under offer and sales - May 2021' and 'Change in achieved prices - January to May 2021 annual change'. For lettings: 'Change in number of properties let by price band' and 'Achieved rents - annual change since Feb 2020 peak'.

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