Monthly Briefing: Prime London Market - March 2025

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Image Shapae

Report highlights 

Last month saw a flurry of activity across the prime London sales market, with a rise in instruction levels and a rebound for £5m+ properties. Plus, another month of rental growth over in the lettings market. 

Sales Market

  • February saw the first annual rise in prices for prime London since June 2023.
  • On the supply side, new instructions increased by 24.0% in February compared to the same month last year and were 47.5% above the 2017-2019 February average.
 

Lettings Market

  • Annual rental growth increased to 6.0% – the highest in 16 months – and took rents to 33.3% above their 2017-2019 (pre-pandemic) average.
  • Over the past 12 months, 3+ bed flats have seen the largest rises, with annual growth reaching 13.9% in February 2025.
 

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