Monthly Briefing: Prime London Market - November 2023
16 November 2023
Sales figures from October indicate a slow return to normality, while the rental market remains high above the pre-pandemic average. Keep up to date with the latest developments in your November Market Briefing.
LAYING LOW Average values across prime London are approximately in line with their early 2014 level. GOT TO BOUNCE The number of properties going under offer bounced back... with 9.7% more than in October 2022. GROW SLOW The pace of annual rental growth across prime London slowed slightly... this is on top of significant previous growth... SO DEMANDING October data showed an annual fall of 3.7% in lets agreed and a 17.2% increase in new instructions...A few key insights:
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