16 March 2023
A few key insights:
Prime London sales were 9.1% below their pre-pandemic average, but under offers (a leading indicator) were 10.5% higher.
Prime London house prices have fallen 2.8% over the last 12 months and are just 1.7% above their pre-pandemic levels.
The rental market is still suffering from a severe shortage of stock. New lets are 59.4% lower than prior to the pandemic.
Rents are still rising - they are up 8.4% over the last year.
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