Prime London Market Update - Spring 2024

16 April 2024

Your quarterly update on the very latest property market movements in prime London for Spring 2024.

Report Highlights:

Sales market

  • At the end of March there were 9.7% more homes for sale across prime London than a year earlier.
  • After falling back slightly in 2023, the value premium for houses versus flats has stayed above pre-pandemic levels, at 11.9% in Q1.

Lettings market

  • Rental growth stabilised in Q1 2024 after slowing from the 20%+ peak seen in 2022.
  • New lettings instructions grew by 14.4% in Q1 2024 on an annual basis.

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