Prime London Market Update - Autumn 2023

24 October 2023

Your quarterly update on the very latest property market movements in prime London for Autumn 2023.

Report Highlights:

Sales market:

  • Q3 saw new instructions on the rise despite lower sales figures, with 20% more stock on the market than a year ago.
  • Current transaction levels are 5.7% up on the 2017 to 2019 third quarter average.

Lettings market: 

  • Rental supply increased across prime London, with 5.6% more new letting instructions compared to Q3 2022.
  • ...stock available to let at the end of September was 56% higher than a year earlier.

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