Prime London Market Update

November 2020

The property market has been spared any significant restrictions during Lockdown 2.0. Indeed, viewing, negotiating and progressing a property transaction or new let is one of the few things that has been allowed to continue under the current rules. Download our latest report to find out how the market is faring.

  • SALES MARKET

    The market may have been more subdued in the capital compared to the rest of the country, however activity is starting to rise with offers now translating into increases in sales (exchanges).

  • LETTINGS MARKET

    The number of new lets was the closest to 2019 levels in October than in any month so far this year, albeit still 7% lower. Stock levels are proving a challenge in most markets, with achieved rents falling as landlords accept lower offers to mitigate voids. 

  • CHART VISUALS FOR KEY FINDINGS

    For sales we bring you new instruction levels with a five-year average comparison and Transactions by property type - annual change. Our lettings charts reveal new instructions compared to both the previous year and five-year average as well as the latest on achieved rents and discount achieved. 

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